PTSB Historic Tracker Rates from PTSB around redress?

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AAM_User

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Does anyone know if there is a list of historical mortgage rates offered by PTSB around the time of the redress issues?

We were placed on what they referred to as their "Prevailing Rate," which was 2.25% above the ECB rate. This seems quite high. Our mortgage was later sold to Pepper, despite being performing at the time (though it was a financial struggle). We suspect this may have been some form of penalty imposed by PTSB.

Our current rate is 5.15%, reducing to 4.9% from April 1st. The ECB rate is 2.65% + our 2.25% Tracker.

I am trying to determine the rate we should have been on, as we are now considering fixing our mortgage for the remaining 10 years and want to assess whether it would be a worthwhile decision.
 
I have definitely seen such a list. In fact, I think I compiled one but can't find it just at the minute.

ptsb - when we get our trackers back, what rate will we be on?

While maybe I am jumping ahead here but is the next battle going to be what tracker rate they will actually apply because my understanding would be that most of the mortgage agreements were silent on the actual tracker margin to be used. When I broke out of my fixed terms the ECB lending rate...
www.askaboutmoney.com
 
Isn't google great? I just searched 2.25% and 3.25% and askaboutmoney and came up with this thread

PTSB - What do do if your ptsb tracker rate is ECB + 2.25% or ECB + 3.25%

As this is being discussed in many different threads, I am going to try to pull them altogether in one thread. Feel free to ask additional questions or correct some part of it. But don't just chat or let off steam in this thread. If you do, your post will be removed. Why have I been put on such...
www.askaboutmoney.com
 
AAM_User said:
We suspect this may have been some form of penalty imposed by PTSB.
Click to expand...

Where is the penalty?

ptsb were free to set the prevailing rate at whatever rate they liked. So you can assume you were on the right rate.

You should now concern yourself with whether to fix or not.

I suggest doing a separate thread and maybe a moneymakeover.

It's a very interesting question. Anyone on 2.25% or 3.25% margins should be asking themselves the same question.
 
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