PTSB Variable rate mortgage, what next?

[mouse1]

The banks that are state owned seem to offer much better rates than PTSB which are ridiculously high.

I am about to switch to a KMG homeloan, but nothing agreed yet. However I understand that PTSB bank could be taken over by the state. Should I just sit tight and see if this will lead to similar rates to AIB or Bank of Ireland which are very reasonable.

What do I do, as I have a hefty mortgage?

 

[WinWin]

Even if PTSB is put into state ownership, they will not lower interest rates.
PTSB were first to raise rates, but dont expect other to be lower for much longer. All banks will have similar rates soon enough, unfortunately the other banks will catch up with PTSB rather than anyone lowering rates.

 

[mcautocare]

switching mortgage from tsb to someone else???

hello,
i also have a PTSB mortgage and am the rates and repayments involved.
i would like some advice on who is the best bank to have a mortgage with.
i am coming to the end of a 5 yr fixed term(4.99%) in july.
any advice/info appreciated.