Search results

  1. S

    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    Receive exact same letters from PTSB on a monthly basis. PTSB waiting for the CB to let them off the hook, so in the meantime they are obliged to send out those response letters monthly. CB likely not to push PTSB as much as other banks because of their poor financial standing, noted of late by...
  2. S

    Got ptsb tracker redress, but traded up in 2015.

    Hi Ryana2 I, similar to you drew down from PTSB in 2007, 2 yr fixed and received options letter in 2009 and also choose LTV as again was also cheapest on page. Glad to hear you received redress and compo first of all and best of luck with the next phase. I am just curious if you broke from your...
  3. S

    PTSB PTSB 1 year discounted tracker - they have put me back on the right rate

    After hearing Jeremy Mandings reply to the margin issue query at Oireachtas committee on Tuesday last, I am not as confident now that those whom have not been impacted, will be in the future. His point is that if you take out a fixed rate today with PTSB, they cannot predict what rates will be...
  4. S

    "Central Bank engages criminal lawyers"

    RE POST: Would imagine any criminal investigation into the current tracker mortgage scandal would eventually include current managerial staff in all banks also as the cover up over the years appears to be corrupt to say the least.
  5. S

    PTSB PTSB 1 year discounted tracker - they have put me back on the right rate

    Thanks Tomas Your margins are spot on. Was in contact with PTSB today for confirmation on the margins. On drawdown in March 2007, tracker rate was 1.25% above ECB and that is the margin rate that should have applied for the life time of the tracker, whether one fixed for a short period or not...
  6. S

    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    That may well be the case Joe, but the margin above the ECB rate is not stated in the original letter of approval, so how does one know what that rate was and if it then in turn differs to the rate quoted above the ECB for tracker on expiry of fixed rate 2 years later.
  7. S

    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    No rate option in mine either from PTSB letter of approval in 2007 nor any mention of prevailing rate. "On expiry of fixed rate, where applicant chooses tracker rate, interest rate applicable to the loan will be the tracker mortgage interest rate appropriate to the balance outstanding in the...
  8. S

    Query re; fixed/tracker rates on renewal in Dec 2011

    Exact same position as you Random 2011. Started 2 year fixed in 2007 to roll onto tracker for lifetime of loan. Options letter in March 2009 had 3 options: fixed, svr, and tracker at 3.35% above ECB rate. SVR was best rate at the time of course as PTSB had "manufactured rates" added to their...
  9. S

    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    There is still no indication from PTSB on this as far as I'm aware, but PTSB will have to give in on this, no doubt. "Manufactured rates" as I would call them were a major player in wrongly denying customers of their entitlement to tracker mortgages. Squeeze is on PTSB now and the corner they...
  10. S

    Central Bank has not approved the Prevailing Rate issues at ptsb and AIB

    Brendan An argument for another time maybe, but do you not agree with me that due to the manufacturing of tracker margin rates that took place in late 2008 and early 2009, PTSB induced customers off trackers and failed to inform them they would not be in a position to return to those trackers...
  11. S

    Central Bank has not approved the Prevailing Rate issues at ptsb and AIB

    Hi Brendan 1 to 1.5% above the ECB rate same as the majority of EU banks. Tracker Margin issues didn't arise in EU and UK banks as they don't have their non tracker rates inflated to the last as opposed to Irish banks. I see your point that Irish banks had and still have to a certain degree...
  12. S

    Central Bank has not approved the Prevailing Rate issues at ptsb and AIB

    Brendan Do the CB have any grounds to disapprove manufactured rates as up until lately they have had no power on capping or setting interest rates in banks in this country. If the CB review findings indicate that these manufactured tracker rates which were added to the ECB rate to keep it...
  13. S

    Central Bank publishes comprehensive - ish update on tracker review

    Hi Stitcher PTSB informed me they have some sort of alert application on their systems and if their are any possible errors in the mortgage during the review they show up on their system. Facts are, all tracker mortgage products sold by PTSB have been internally reviewed at this stage by PTSB...
  14. S

    Central Bank publishes comprehensive - ish update on tracker review

    Thanks for reply stitcher. Went through FSO also in 2012 but he ruled in favour of the bank also. Was in touch with PTSB yesterday, they said my mortgage was part of the CB review but that no issues have been uncovered on that mortgage to date. They also said the review would not be complete...
  15. S

    Central Bank publishes comprehensive - ish update on tracker review

    Hi Stitcher What contact did you use in CB, to put your case forward? Is Padraic Kissane looking after it for you? Whom has informed you that you will have a response in June? Listening to Padraic speaking in the Oireachdeas it would seem he has his research done on this margin issue and will...
  16. S

    Central Bank publishes comprehensive - ish update on tracker review

    Hi Brendan Thanks for your response on the "manufactured" rate issue. When is this legal case you referenced on this issue due before the courts?? If the rate in April 2009 was 2.25% and increasing to over 3% later that Summer before PTSB stopped offering trackers then how could my rate in...
  17. S

    Central Bank publishes comprehensive - ish update on tracker review

    Brendan I was offered a tracker rate of 2.35% on top of ECB rate by PTSB in March 09 after expiry of 2 year fixed rate. The rate was then higher than the other rates on offer by PTSB. No mention of this rate or a prevailing rate in original contract. Are PTSB entitled to set these rates and if...
  18. S

    PTSB Prevailing tracker rate after 1 year discounted rate ends

    Hi Sarenco In the same boat as PFS ( see my earlier post above from 2015) Had FSO rule in favour of PTSB when I took this case to them in 2012, but a lot has been uncovered nationally with banks/trackers since then. Without doubt by bumping up tracker rates in 2008/2009 slightly higher every...
  19. S

    Ready to start a High Court challenge to the margin issue

    Hi Padraic No surprise PTSB are not playing ball so far, that has always been their style to keep the head down and hope the issue goes away. They thrive on events like Brexit as it takes them and other banks out of the spotlight!! Could you tell me please will the upcoming cases in the high...
  20. S

    PTSB Public meeting on PTSB Redress Scheme - Thursday 31st March

    Will it be just a single court case of collective affected customers v PTSB or many individual cases?
Back
Top