Banks uping rates in neg equity cases when coming off fixed??

serotoninsid

Registered User
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1,754
Doesn't affect me but would be sick if it did.

>>>Link<<<<

People in neg. equity coming off a fixed term deal have no choice but to take a savage int. rate in the uk according to this article.

Do Irish banks follow same policy??

Have to say, its rotten luck for those that find themselves in this situation. As in the example, on 7% when the uk base rate is ...1 (or is it 0.5%?)
 
That all relates to the UK. I am not aware of anything like that happening in Ireland.
 
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