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tracker cut

  • 20-11-2011 1:03pm
    #1
    karl75
    Registered Users, Registered Users 2 Posts: 202 ✭✭


    hi folks seening as we got this new tracker intrest rate cut nearly 2 weeks ago when is it applied to our accounts my mortgage repayment is due end of next week and its still not applied does this sound normal


Comments

  • #2
    chris85
    Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    karl75 wrote: »
    hi folks seening as we got this new tracker intrest rate cut nearly 2 weeks ago when is it applied to our accounts my mortgage repayment is due end of next week and its still not applied does this sound normal

    Check your banks website. They will have info advising when it comes into effect. Its usually within 3-4 weeks of it being announced.


  • #3
    Avns1s
    Registered Users, Registered Users 2 Posts: 3,423 ✭✭✭Avns1s


    In fairness to AIB, I see mine was cut by the 0.25% on the 16th.


  • #4
    karl75
    Registered Users, Registered Users 2 Posts: 202 ✭✭karl75


    ok il keep an eye out thanks


  • #5
    rameire
    Registered Users, Registered Users 2 Posts: 4,241 ✭✭✭rameire


    it was announced on the 3rd, and it only came into effect from the 9th.
    it should be outlined in your contract.
    most trackers either have the condition to reduce or increase the tracker within 1, 2, 3, or 4 weeks of the rate implementation.

    so you may not see any real change until your december payment

    🌞 3.8kwp, 🌞 Clonee, Dub.🌞



  • #6
    pontia
    Site Banned Posts: 385 ✭✭pontia


    i owe 250000 with tracker rate of 1.45% OVER 30 YRS,what should i be paying a month ? its ics thanks,figure they gave seems wrong


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  • #7
    3DataModem
    Registered Users, Registered Users 2 Posts: 4,077 ✭✭✭3DataModem


    pontia wrote: »
    i owe 250000 with tracker rate of 1.45% OVER 30 YRS,what should i be paying a month ? its ics thanks,figure they gave seems wrong

    If you mean 1.45 plus 0.75 ECB rate it's about 950

    If you mean 1.45 total it's about 856


  • #8
    ComfyKnickers
    Registered Users, Registered Users 2 Posts: 353 ✭✭ComfyKnickers


    It's usually the end of the month, I'm with PTSB and it will be 30th July. I love the way when rates go down we have to wait a few weeks but when rates go up, they do it immediately!!


  • #9
    pontia
    Site Banned Posts: 385 ✭✭pontia


    just to clear up modem,principal borrowed was 270,000, 250,000 remains to be paid.rates 1.45, paying 973 pm, is this correct amount ?thanks


  • #10
    Daisy M
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭Daisy M


    pontia wrote: »
    just to clear up modem,principal borrowed was 270,000, 250,000 remains to be paid.rates 1.45, paying 973 pm,thanks

    How many years left to pay? I presume 3datamodem worked out your payments over 30 years but if you have paid 20,000e then I presume you took the mortgage out a number of years ago.


  • #11
    pontia
    Site Banned Posts: 385 ✭✭pontia


    yes daisy,it was 2008 over 30 yrs,hard to get info from bank,any help is appreciated,out of work last few weeks,it all helps


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