ECB Rate Cut

We drew down our mortgage earlier on this week with IIB, does anyone know if we will be able to get the .5% cut on our mortgage. Or has anyone heard of IIB passing it onto their customers like the other banks.
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Is it Fixed, Variable or Tracker ?

It it's Fixed then NO you won't get the reduction

If it's Variable it's at the discretion of the financial institution

If it's Tracker then you will get the reduction from Oct 15th ff
 
Havealaugh said:
Is it Fixed, Variable or Tracker ?

It it's Fixed then NO you won't get the reduction

If it's Variable it's at the discretion of the financial institution

If it's Tracker then you will get the reduction from Oct 15th ff
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Its Variable, unfortunatly its not a tracker.
 
we have a sub prime mortgage with GE money and they are not reducing rates apparently, thats what partner was told when he phoned
 
I thought that there was 'no sub-prime in Ireland'

that's what all those bank economists had been saying on RTE anyway :confused:

surely they could not have been mistaken?
 
Yeah so we were hoping they'd pass on the cut but no.

paying that for a year, we were going to re-mortgage about 2 months ago but the market went mad
 
jeepers 8.44% is crazy!

I just rang Irish Nationwide there (we have a variable rate mortgage with them) and they said the rate cuts will be coming into effect in two weeks time and that they would be sending letters out to their customers as soon as that happens. Good news I think. I wasn't expecting that.
 
Does anybody know if EBS are cutting their rates inline with Halifax and AIB?
 
Kemo_Sabe said:
I thought that there was 'no sub-prime in Ireland'

that's what all those bank economists had been saying on RTE anyway :confused:

surely they could not have been mistaken?
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The dogs in the street know that Ireland is riddled with sub-prime.
 
Hi,
I have just been onto PERMTSB ...

I am on a standard variable rate and asked if they are planning to reduce my Interest rate by the ECB .5% , the answer I got went on the lines of this ....

PTSB.... Well any reduction will be given in the 1st week of November
ME ..... And what will the reduction be ?
PTSB ...It will be a percentage of the .5%
ME .....How much of a percentage ?
PTSB.. Not confirmed yet.

Seemed like It was the 1000 time that the question had been asked , it seems they are planning to give some sort of a reduction to Variable rate customers but how much only those panic stricken "bangers" know .(mix between bankers & w%*nkers) ...GO TO THE BOLD STEP NOW !
 
we could only get it at the time (september 2007) as my partner had bad credit over Visa bills, which have all been cleared and cancelled before drawdown of the mortgage
 
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