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  1. J

    EBS SVR to EBS LTV

    Please do elaborate....
  2. J

    Options or stuck with Credit Union ?

    Options as I see them are to reschedule or refinance. If refinance is not an option then the parameters to adjust are a.) Length of Loan, b.) Principle, c.) interest rate. For a.), If the loan is 15 years already, that is practically mortgage territory and I thought CUs could only lend a...
  3. J

    ptsb has dropped their fixed rates for new customers. Existing customers can't fix

    Still fairly crappy rates Hopefully AIB will undercut the market again soon and put more downward pressure
  4. J

    Ulster Bank - Fixed Rates

    Yes I have fixed recently from an SVR of 4.3% on an apartment I bought in 2006, so lots of negative equity and I can't switch. There are lots of rates if you have good LTV, look at their website. What is not clear though is if you have a crappy LTV of over 100% (they say over 90% on the forms)...
  5. J

    Ulster Bank reduces mortgage rates for some new and existing customers

    I just received a survey request from Coyne research on behalf of Ulsterbank, a big chunk of the questions related to knowledge of, and interest in, Offset Mortgages. Would be interesting to see this product return to the Irish market if so.
  6. J

    Ulster Bank reduces mortgage rates for some new and existing customers

    Essentially, the banks are pocketing TRS paid by the state on such mortgages by keeping rates high while masquerading that they are cutting rates. Its subsiding the bank, not them mortgage holder. This should be noted in the AAM budget submission.
  7. J

    Ulster Bank reduces mortgage rates for some new and existing customers

    But if you are in negative equity on the SVR - this is completely meaningless and you are stuck on the extortionate 4.3% and cannot fix? I hope I have read this wrong, please enlighten me otherwise.
  8. J

    How big is the Irish mortgage market for a new entrant?

    I would also add that many of the potential new entrants were already here, got burnt, pulled out and would face stiff opposition from share holders to come back. I wouldnt hold my breath.
  9. J

    Has any AIB SVR customer switched to the lower LTV rate?

    I wouldn't trust any lenders but some are more incompetent and unscrupulous than others. I have first hand experience of at least four significant errors on my mortgage account by Ulsterbank, if I hadn't caught them I would have been over charged by a five figure amount over the last 9 years...
  10. J

    How dare PTSB tell us to mind our own business

    D O'S, this site is full of wind up merchants who think the banks can do no wrong, while they don't even have mortgages, just ignore them.
  11. J

    Mortgage rates are controlled in the UK

    I do not believe there is legislation or powers with the FCA to control rates, although contract law with particular reference to fairness is often cited. However, there is at least a position on how to manage SVR customers and on the whole, appear to be more onthe side of the consumer. The...
  12. J

    Should tracker rates be increased to bring down the SVR?

    Emergency legislation to bring in a set rate across the board at the onset of the crisis for all mortgage types should have been brought in once it became apparent that the banks trousers were down over tracker contracts, obviously SVRs and competition in general would bear the brunt. However...
  13. J

    Fergal Quinn's bill to control mortgage rates

    One rate, to rule them all...
  14. J

    "Pressure mounts on lenders for variable mortgage rate cuts"

    No, we are in agreement 100%, this post is exactly my view. I am sceptical that there are any banks interested, or in the pipeline to enter the Irish market so all this talk of competition is largely irrelevant and a distraction to other more realistic solutions. We need an Irish solution to...
  15. J

    "Pressure mounts on lenders for variable mortgage rate cuts"

    I hope the minister has asked the Central Bank if they have recieved any applications from potential Mortgage "competitors", even any expresions of interest? I very much doubt it. The Irish market is tainted still and I very much doubt there are any major players willing to risk a shareholder...
  16. J

    "Election jitters are best hope for action over ripoff rates"

    For the Louth TDs, I've recieved replies from all of them (with one exception) to predicably confirm their support and outline what they intend to do about SVRs. I even recieved a camera phone photo of a letter from Michael Noonan to a senator acknowledging their query, quite hi-tech. Maybe the...
  17. J

    IMHO and One Big Switch team up to encourage 25,000 people to switch

    If you cant switch your mortgage due to LTV, Neg equity, people should consider switching current accounts, insurance, credit cards etc. I know UB are hardly quaking in their boots at the thought of it, but I'll never put any business through them after my experiences as a customer and ripped...
  18. J

    Report on public meeting 7 May

    Agree, fantastic start and great publicity well done all From my experience, there is still a huge lack of awareness among SVR holders of the situation and the disparity with other Eurozone countries. Other than here, boards and the broadsheets, I haven't seen any coverage until RTE last...
  19. J

    Ulster Bank justifies SVR

    I've an SVR with Ulsterbank, previously First Active so I am familiar with dealing with UB, so here is my view: "capital funding, operations, compliance, management of arrears, credit losses and levies" Capital funding Their parent group affiliation would give them access to the best rates of...
  20. J

    AIB appearing before Finance Committee tomorrow - not ruling out rate cuts

    So Irish risk due to the inability to enforce arrears on the non performing portion of their book translates to a 400bps premium across their mortgage book indiscriminately? Sounds like a good way to run a business... So what happens when the rates go back up, are we looking at 6%, 7%, 8%...
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