permanent tsb warns potential investors that they may have to cut the SVR

[Brendan Burgess]

From RTE

Mortgage rate pressures and 'Brexit' pose risks for Permanent

Permanent TSB Group Holdings has warned potential investors that a return to profit may be at risk from political pressure to cut interest rates and an UK exit from the European Union.


The bank may be forced to lower its existing 4.5% standard variable rate on mortgages because of mounting political, regulatory or competitive pressure, PTSB said.

...

"The group is exposed to risk in respect of the manner in which it determines and implements interest rate changes," PTSB said in today's document.

 

[Gerry Canning]

{The group is exposed to risk in respect of the manner in which it determines and implements interest rate changes}

Technically they are correct but long term are they not more at risk by overcharging on SVR rates?
Is the {back to basics} vaunted by Mr Masding of PTSB to mean (hammer your customers).