thejuggler
Registered User
- Messages
- 133
18 months ago was a totally different financial environment - contrasting what was available then doesn't actually mean there isn't value in a higher margin tracker.Permaneent TSB were offering tracker's 18 months ago of 0.60% over ECB on a loan to value of 50% so there is no value in what they are offering now.
It's really not a terrible rate. It's nothing like as good as some of the rates that were on offer in 2006 / 2007, and even earlier this year, but it is respectable. Bear in mind that some of the last trackers left on the market in recent months were at margins of +2.05% or so - people were still going for those.its a terrible rate, sure you could go to aib for a rate fro 1 year at something like 3.6% look around if they dont budge, tghe only prob is banks will not be paying switcher fees or solicitors fees anymore, so add about 1000 to your bill
Errrmmm I'm afraid to say this out loud in case they have made a mistake. I am coming to the end of a one year fixed with PTSB (first year of a 35 year mortgage), and received a letter saying according to the terms of my mortgage I am being moved to a tracker rate (ECB + max 0.800). I really can't remember that being agreed when taking the mortgage, so I will need to unearth the documenation. Not that I'm complaining mind...
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