Good Morning, I have been a customer of ptsb for 10 years since 2005, I took my mortgage out through Irish M corporation,
LETTER OF APPROVAL
My starting payment was 1000 euro on a two year fixed term.
Nominal Rate:
Interest shown is 3.15 %
Page 2 states APR 3.60%
In the first two years I was paying 500 on interest payments according to my bank statements, in 2007 my rate changed from 3.15 to 5.16 fixed for 3 more years. When this happened I was paying 800 in Interest payments to the bank, ( wasn't this the crash year).
I was never offered a tracker rate nor was I informed there was an option to switch or purchase this product. I only have the letter of approval letter, should the information on weather you were eligible to gain a tracker rate be located in this document?
Thanks in advance, and great work here spreading the news about this corruption.
Jonathon