GiganticLamb
Registered User
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- 56
1. There are new lenders coming, some were here already and will start up again, such as Dilosk, others will be 'new-new' but are not in the lending ready stage (can't disclose who sorry!)
Glad to see this made its own thread! (karl here)
4. Everybody knows BOI will match, but that's their way of 'coming down without lowering rates', but soon they'll have to follow.
There are new lenders coming, some were here already and will start up again, such as Dilosk, others will be 'new-new' but are not in the lending ready stage (can't disclose who sorry!)
2. There are lower rates coming, only Friday I found out about a 3.5% rate being offered by one bank. Granted, it comes with LTV terms, but that it exists at all is a positive sign. The banks
will also be seeking attrition and to break customer inertia price and incentives is the only thing that works.
3. Banks are coming back to brokers, Ulsterbank just issued their appointment letter to us this week gone, so they want market share, this is why they came back to brokers and they will
also be doing a strong rate drive to get that business.
4. Everybody knows BOI will match, but that's their way of 'coming down without lowering rates', but soon they'll have to follow.
5. Yield curve... honestly, check it out, it's there in black and white.
Main point was that CB and DoF have zero jurisdiction on this.
~ and of course the main-main point... when fixed rates are lower than SVR's it's inverted pricing. That pricing doesn't exist normally and will be shut down in one of two ways, fixed rates will rise or SVR's will drop, I'm confident it will be the latter.
In France they can reposess non payers a hell of a lot easier than here.It is quite shocking to see that mortgage rates in France are less than 2% over 20 years loan !! Surely access to European banks for mortgage would help challenge the rip off by our Irish banks. Anyone aware please of any progress on that front?
for the love of all that is holy, why can you not acknowledge that no bank will enter the Irish market if they cannot enforce security on the asset?It is quite shocking to see that mortgage rates in France are less than 2% over 20 years loan !! Surely access to European banks for mortgage would help challenge the rip off by our Irish banks. Anyone aware please of any progress on that front?
even our supposed right wing politicians such as Stephen DOnnelly and Share Ross are beating that drum. Dishonest or just being politicans?So, I think people need to get pissed off at the total non-payer who are taking the p%ss and the media need to start looking at them and supporting repossessions from this group instead of whining and taking the SF / lefty route of "no repossessions".
I have my views on Mr Ross - I don't rate him at all.even our supposed right wing politicians such as Stephen DOnnelly and Share Ross are beating that drum. Dishonest or just being politicans?