tsb tracker mortgage.

davdvn

did anyone on a tsb tracker mortage have a 1% rise in interest rates last month.
i was under the impression that it was directly linked to the ecb rates which are going up by.25% this month.
mine went up by 120euro.



(on a side note where is the euro sign on a keyboard)

later12

I don't know anything about PTSB's practices but I don't know why they would have applied a rate hike last month.

The only rate hike prior to ECB increasing the refi rate was a 1% increase to standard variable rates last month iirc which applied to Standard variables with pTSB.

Is there any reason why they would charge you an SV rate increase?

Onikage

Tracker mortgages only rise when the ECB says so. Euro sign, hold alt gr and press the 4 above the keyboard.

tenchi-fan

davdvn wrote: »

did anyone on a tsb tracker mortage have a 1% rise in interest rates last month.

Are you sure you're on a tracker.

Log on to PTSB open 24 and click on your mortgage. If the Product Type is "HOME LOAN - Variable Rate (LTV)" I have bad news for you, you're a variable rate customer.

They could hike your rate up to 20% and the government would nod and grin and say "well it's fianna fail's fault when you think about it. We're thinking of extending TRS for people who bought between 2006 and 2008."

jd

davdvn wrote: »

did anyone on a tsb tracker mortage have a 1% rise in interest rates last month.

They raised the interest rate on VARIABLE rate mortgages by 1%. The bad news is you are also going to get hit by another rise of .25%

http://www.irishtimes.com/newspaper/ireland/2011/0409/1224294302464.html

The increase takes effect on May 16th and comes just two months after the lender increased its variable rates by 1 per cent.

later12

OP how could you not know you were on a variable, or is this a bank mistake?

davdvn

tenchi-fan wrote: »

Are you sure you're on a tracker.

Log on to PTSB open 24 and click on your mortgage. If the Product Type is "HOME LOAN - Variable Rate (LTV)" I have bad news for you, you're a variable rate customer.

They could hike your rate up to 20% and the government would nod and grin and say "well it's fianna fail's fault when you think about it. We're thinking of extending TRS for people who bought between 2006 and 2008."

just checked open 24 and it states "standard variable rate" they must have made a error as i was definetely on a tracker.
will contact them first thing on monday morning.
thanks for the replies.

xertpo

I have a PTSB tracker and I've never had any administrative problems with the mortgage. However, my sister has the same type of mortgage at the same branch, and has had a couple of problems such as erroneous charges.

Check it out OP.

davdvn

xertpo wrote: »

I have a PTSB tracker and I've never had any administrative problems with the mortgage. However, my sister has the same type of mortgage at the same branch, and has had a couple of problems such as erroneous charges.

Check it out OP.

after checking with ptsb and the broker who got the mortgage originally.
it seems we were not on a tracker we just assumed we were.
negotating a deal with ptsb now and considering moving to boi who are a much lower rate than the 5.19% we are now paying.
it pays to read the small print.
the words gob****e come to mind when i think back on what i let myself into.

Casey_81

Ah god thats terrible..