Molly Bloom
Registered User
- Messages
- 40
Hoping some AAMers will have some pearls of wisdom for me on this ..... I have a tracker mortgage (ECB + 1%), and I know how lucky I am to have it!
Just wondering, given the confirmation last night that a substantive loan will be given to Ireland by the ECB / IMF, is there any possibility that, as part of the repayments for this, and the attendant re-structuring of our economy, that we might be compelled to move to some 'higher' level of ECB rate (for sick economies, maybe including Greece, Portugal, etc)? Meaning a higher level of repayments for those with tracker mortgages?
What do people think?
Just wondering, given the confirmation last night that a substantive loan will be given to Ireland by the ECB / IMF, is there any possibility that, as part of the repayments for this, and the attendant re-structuring of our economy, that we might be compelled to move to some 'higher' level of ECB rate (for sick economies, maybe including Greece, Portugal, etc)? Meaning a higher level of repayments for those with tracker mortgages?
What do people think?