Have fixed rate with danske (4.65%) will be moving to variable in Feb '17 (4.95%). Have applied to switch to AIB, Still waiting on approval from AIB. .....
Hi Brendan.
Just wondering if Cerberus did acquire the Danske loan book, what are the chances of them doing a deal for people who have a .5 above ecb rate tracker.
Rasher.
....I'd like to stress though - I imagine the actual chances of some sort of a deal being done are pretty low.
Or maybe Cerberus plan to try to invoke the clauses in most tracker mortgages where the property is revalued and a new Loan-To-Value percentage is determined. This then may impact the rate you pay.
If I remember correctly, the Danske (NIB) paperwork only refers to possible action if the LTV rises above 80%.
While I am inclined to agree, the one thing that does keep ringing in my head is that Cerberus are hardly the type of fund to stick around while everyone pays off their 25-30 year homeloans. That said, perhaps their plan is to flip it on to someone else in another couple of years...
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