Brendan Burgess
Founder
- Messages
- 52,182
ptsb has issued a document to shareholders for an EGM to approve the takeover of Ulster Bank's mortgages.
I have extracted the most interesting pages from the very long document, which you can find here:
I am confused. I think that the data might refer to what ptsb's mortgage book will be like after the acquisition.
1) 55% of customers have LTVs <50% ( These should all be switching for a better rate.)
Only 1% have LTVs >90%
2) €27 billion of the total of €48 billion were taken out in the last 7 years.
Only about 10% was taken out around the peak of the housing bubble.
I have extracted the most interesting pages from the very long document, which you can find here:
I am confused. I think that the data might refer to what ptsb's mortgage book will be like after the acquisition.
1) 55% of customers have LTVs <50% ( These should all be switching for a better rate.)
Only 1% have LTVs >90%
2) €27 billion of the total of €48 billion were taken out in the last 7 years.
Only about 10% was taken out around the peak of the housing bubble.