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Negotiating with PTSB

  • 12-08-2011 12:26PM
    #1
    Moyglish
    Registered Users, Registered Users 2 Posts: 771 ✭✭✭


    I'm in a position, whereby via the sale of my house I will be able to pay off the balance outstanding on my tracker mortgage.

    PTSB are currently offering a 10% discount to those who pay off a lump sum on their tracker mortgage, however the general consensus appears to be that this is quite a poor offer, in relation to the savings PTSB will make in ridding themselves of these loss making tracker mortgages.

    I'm planning on writing a letter to see if they are amenable to upping their offer than the current 10% as it stands.

    Has anyone here had any success in negotiating with PTSB?

    If anyone could give any pointers/tips on how to word the letter, or what points to include to help my case that would be so ever greatly appreciated.

    Thanks guys!

    (Wish me luck!) :p


Comments

  • #2
    Gareth2011
    Closed Accounts Posts: 579 ✭✭✭Gareth2011


    how did you get on? did you take the 10% discount?


  • #3
    Moyglish
    Registered Users, Registered Users 2 Posts: 771 ✭✭✭Moyglish


    Hi Gareth,

    Yes got the 10% bonus alright, no luck in getting any more off however.

    Unfortunately that offer has now ended.

    Will be interesting to see if they'll introduce something similar next year.


  • #4
    Gareth2011
    Closed Accounts Posts: 579 ✭✭✭Gareth2011


    Moyglish wrote: »
    Hi Gareth,

    Yes got the 10% bonus alright, no luck in getting any more off however.

    Unfortunately that offer has now ended.

    Will be interesting to see if they'll introduce something similar next year.

    Better than a kick in the teeth tho :D. I know they want rid of trackers but sure I wouldnt give mine up and move to fixed unles they knocked 70 or 80 grand off my mortgage and I only owe them 200,000 odd. If I was able to give them the money to clear off my mortgage i dont think id be happy with the 10% either as its not a fantisic ensitive altho in saying that you would be mortgage free :cool:


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