Brendan Burgess
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I am trying to figure out how ptsb worked out the rates they are offering to people whose contract rates were not specified
Here are the SVRs from this thread
Here are the SVRs from this thread
Comparing the rate offered on expiry of the fixed term with ptsb's variable mortgage rate
- Thread starter Brendan Burgess
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Brendan Burgess
Founder
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- 52,050
December 2009 , HC 2015 was offered
The tracker rate was 4.25% when the ECB rate was 1%, so the margin was 3.25%
This was 0.6% higher than the SVR
I have not seen ptsb's arguments for this, but I would imagine that they will argue that they were entitled to set whatever price they wanted. For example, in August 2015, they have chosen to set very high fixed rates - that is their prerogative.
The tracker rate was 4.25% when the ECB rate was 1%, so the margin was 3.25%
This was 0.6% higher than the SVR
I have not seen ptsb's arguments for this, but I would imagine that they will argue that they were entitled to set whatever price they wanted. For example, in August 2015, they have chosen to set very high fixed rates - that is their prerogative.