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Bank interest rates cuts -Smoke screen

  • 18-09-2015 11:41am
    #1
    second74
    Registered Users, Registered Users 2 Posts: 67 ✭✭


    There was much hype surrounding Permanent TSB interest rates cuts. As their customer I am very disappointed with their proposals. They are intending to only cut mortgage interest rate cuts for customers whose LTV is 90% or below. This I believe will only comply to very few mortgages, given that most householders who bought before the 2008 crash are in negative equity and only people with alot of cash on hand could buy since then.

    <mod snip>


Comments

  • #2
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    To be fair I agree to a certain extent but then this is a private market issue. Vote with your feet!


  • #3
    second74
    Registered Users, Registered Users 2 Posts: 67 ✭✭second74


    <snip> No bank is going to take on negative equity mortgage


  • #4
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    second74 wrote: »
    <snip> No bank is going to take on negative equity mortgage

    Sorry missed the neg equity bit! More and more people are coming out of neg equity now, many are on trackers. I think you have the unfourtunate position of falling between two stools :(


  • #5
    second74
    Registered Users, Registered Users 2 Posts: 67 ✭✭second74


    I think I will have loads of company between those two stools


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