Latest Tracker Rates?

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angusweb

Registered User
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I can't seem to get any info online about the latest tracker rates from the banks since the ECB rate rise to 2.5%? Or can anybody tell me the percentage above ECB of the following banks:

AIB
PTSB
ICS
IIB
Ulster Bank
EBS
Bank of Scotland

LTV will be 92%

Thanks!
 
Have you checked the Best Buys forum (link in my sig)? There is a key post on trackers.

I have been able to find tracker info for most of the above online.

There is also a full listing in the Irish Times every Thursday (Property supplement).

Note that not all rates will have risen immediately. NIB published a notice in today's Irish Times that says that new rates apply from close of business today (March 10 2006).
 
thanks ccovich, I had seen that post before alright. The reason I am questioning this is becuase my mortgage broker has told me that the APR on most of the trackers I listed is now 3.82% since the ECB rate change (interest rate of 3.75%). From the list you have given they should all be between 3.55 and 3.65% APR??!!

We have been quoted for a mortgage from IIB but they will only give us the ammount we need on a three year fixed interest rate of 4.19%, the APR was 3.92% I think. The broker was explaining that if rates rise by the 'estimated' 0.5% this year (I know this is obviously not guaranteed!) then the tracker rates would be about the same, or even more expensive. This doesn't seem to be the case?
 
angusweb said:
thanks ccovich, I had seen that post before alright. The reason I am questioning this is becuase my mortgage broker has told me that the APR on most of the trackers I listed is now 3.82% since the ECB rate change (interest rate of 3.75%). From the list you have given they should all be between 3.55 and 3.65% APR??!!
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The broker is probably factoring in the latest 0.25% increase, but not all lenders will have applied this to their rates yet. It is on the way though. I will be updating the table when the latest rates are published for all institutions-there's not much point in doing it piecemeal.

angusweb said:
We have been quoted for a mortgage from IIB but they will only give us the ammount we need on a three year fixed interest rate of 4.19%, the APR was 3.92% I think. The broker was explaining that if rates rise by the 'estimated' 0.5% this year (I know this is obviously not guaranteed!) then the tracker rates would be about the same, or even more expensive. This doesn't seem to be the case?
Click to expand...
It makes sense. The fixed rate is a 3 year rate, and is based on expectations of what rates will do over the next 3 years. Tracker tates reflect current rates only. If rates rise by 0.5% by year end, then, yes, the APR on both will be the same. But thereafter, the tracker rate can fall as well as rise, leaving you better/worse off vis-a-vis the fixed rate.

There are many exisiting threads on fixed v. tracker rates-make sure to have a read, as you need to be clear on the advantages/disadvantages of each before committing.
 
Ulster Bank Tracker is ECB + 1.15 for LTV 60 - 92 %
for LTV 92% to 100% it is ecb + 1.25 . Not sure which one you would get for exactly 92% - probably the higher?
You can get ecb + 1.05 for 60% to 92% LTV if you open a u-first current account and probably pay your salary into it - but that will cost €9 a month I think and might be an added hassle?
 
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