Did Permanent TSB Go Ahead With Mortgage Rate Increases?

Eccles · 12-09-2009 8:28pm #1

This was meant to be a big line in the sand for the great irish Public like Irish Ferries but Im assuming we just rolled over and took it ...I have a few bob on deposit with them and sent an irate email at the time threatening to withdraw it ...so do I need to do so?

12-09-2009 9:07pm

OH NOES PRIVATE BUSINESS SEEKS PROFIT OVER COMPASSION!!!!11!!!

This is why we should have nationalised the banks.

PirateShampoo · 12-09-2009 9:09pm

/pets his tracker morgage.

Adamcp898 · 12-09-2009 9:11pm

PirateShampoo wrote: »

/pets his tracker morgage.

In before that line from that ad for that bus company...........

thomond2006 · 12-09-2009 10:57pm

"I don't know what a tracker mortgage is."

"I don't understand APR."

:pac:

Biggins · 12-09-2009 11:18pm

Did Permanent TSB Go Ahead With Mortgage Rate Increases?

You Got Frozen Bank Rates?

Thursday 3rd September and the ECB (European Central Bank) has announced that it is freezing it interest rates for a whole year across Europe at just 1%. This means that mortgage holders should now expect to hold onto their record low interest payments. However if the individual banks are not treating their home customers in the same fashion, customers are advised by the ECB to move their mortgage elsewhere if possible or at least start asking questions at their bank! The ECB is freezing its rates till September 2010.

Source: Unitedpeople.ie

This is something I reported on a few days ago.
If your morgage is being increased, your being ripped off. Its time to move it.

stepbar · 12-09-2009 11:21pm

Biggins wrote: »

Source: Unitedpeople.ie

This is something I reported on a few days ago.
If your morgage is being increased, your being ripped off. Its time to move it.

I doubt there's many who can. PTSB were famous for the 35 yr mortgages and 120% mortgages towards the end of the celtic tiger.

994 wrote: »

OH NOES PRIVATE BUSINESS SEEKS PROFIT OVER COMPASSION!!!!11!!!

This is why we should have nationalised the banks.

Should we nationalise other companies who seek similar motives?

12-09-2009 11:21pm

PirateShampoo wrote: »

/pets his tracker morgage.

yep good for the short term, I hope good also for the medium term - low inflation = low tracker =

thomond2006 · 12-09-2009 11:22pm

PirateShampoo wrote: »

/pets his tracker morgage.

/wags tail

eman66 · 12-09-2009 11:30pm

Biggins wrote: »

Source: Unitedpeople.ie

This is something I reported on a few days ago.
If your morgage is being increased, your being ripped off. Its time to move it.

Thanks for that info. I would have expected an announcement of that sort to be all over the media. Maybe I just missed it. Was it on here that you reported it and have you a link?

12-09-2009 11:35pm

eman66 wrote: »

Thanks for that info. I would have expected an announcement of that sort to be all over the media. Maybe I just missed it. Was it on here that you reported it and have you a link?

I've tried googling it and the only hits I get are Unitedpeople and boards. Either it's made up, or inside (mis)information :rolleyes:

Biggins · 12-09-2009 11:43pm

eman66 wrote: »

Thanks for that info. I would have expected an announcement of that sort to be all over the media. Maybe I just missed it. Was it on here that you reported it and have you a link?

Example news report (this from The Mail) on Sept 4th:

http://english.people.com.cn/90001/90778/90858/90865/6721126.html

(I don't mention stuff unless I have back-up)

Deleted User wrote: »

I've tried googling it and the only hits I get are Unitedpeople and boards. Either it's made up, or inside (mis)information

See above! :rolleyes:

Its neither of the situations you suppose!
Next time, don't be so quick to judge! It might come back to bite you.

stepbar · 12-09-2009 11:45pm

Biggins wrote: »

Example news report on Sept 4th:

That would be great were it not for the fact that Irish banks now pay a premium above ECB to borrow money.

jhegarty · 12-09-2009 11:46pm

Eccles wrote: »

This was meant to be a big line in the sand for the great irish Public like Irish Ferries but Im assuming we just rolled over and took it ...I have a few bob on deposit with them and sent an irate email at the time threatening to withdraw it ...so do I need to do so?

The only people who had it as a line in the sand were the people who though PTSB was one of the banks that got a bail out from the government.

13-09-2009 12:51am

Biggins wrote: »

Example news report (this from The Mail) on Sept 4th:

http://english.people.com.cn/90001/90778/90858/90865/6721126.html

(I don't mention stuff unless I have back-up)

See above! :rolleyes:

Its neither of the situations you suppose!
Next time, don't be so quick to judge! It might come back to bite you.

From the horses mouth http://www.ecb.int/press/pr/date/2009/html/pr090903.en.html

PRESS RELEASE

3 September 2009 - Monetary policy decisions

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
European Central Bank
Directorate Communications
Press and Information Division
Kaiserstrasse 29, D-60311 Frankfurt am Main
Tel.: +49 69 1344 7455, Fax: +49 69 1344 7404
Internet: http://www.ecb.europa.euReproduction is permitted provided that the source is acknowledged.
back to top

Biggins · 13-09-2009 12:56am

Deleted User wrote: »

From the horses mouth http://www.ecb.int/press/pr/date/2009/html/pr090903.en.html

Yep. I just gave a summarised report.
Anyone that is interested in such things will delve deeper.

eman66 · 13-09-2009 1:07am

...with the news that interest rates are to stay the same for the next year.

The Eurepean Central Bank said the rate would remain at just one per cent until September 2010...

The decision shouldn't be taken as signalling a commitment that the ECB won't raise rates before September 2010...

I'm weary, very weary.

The_Minister · 13-09-2009 1:25am

Biggins wrote: »

Source: Unitedpeople.ie

This is something I reported on a few days ago.
If your morgage is being increased, your being ripped off. Its time to move it.

The increase came before the freeze.

flanum · 13-09-2009 3:22am

Eccles wrote: »

This was meant to be a big line in the sand for the great irish Public like Irish Ferries but Im assuming we just rolled over and took it ...I have a few bob on deposit with them and sent an irate email at the time threatening to withdraw it ...so do I need to do so?

Surely this belongs in another forum.... WTF? .... I dont understand one bit of this !!!!

flanum · 13-09-2009 3:23am

MODS?

13-09-2009 4:01am

flanum wrote: »

MODS?

Mortgages Only Destroy Savings!

Biggins · 13-09-2009 7:22am

The_Minister wrote: »

The increase came before the freeze.

Aaa, right, that explains that then.
Hopefully there will be no more increases for some for a while.
Lord knows, a lot of people are in a tight spot as it is - especially now with the new taxes to come.

mikemac · 13-09-2009 7:47am

If mortgage interest rates went up did Permanent TSB increase interest rates for money on deposit?

Record low interest rates aren't good for savers.
Sure there are different savings products you can buy, but say you had a lot of money on deposit, you'd probably be hoping for rates to increase.

I know Rabobank used to pay over 5.5%, now it's 2%

Time to look elsewhere I reckon

Did Permanent TSB Go Ahead With Mortgage Rate Increases?

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