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    It's Official, Ireland's Great Mortgage Rate Rip Off

    Sarenco, the ECB and the CBI would never use language like that as you know only to well, but thanks so very much for pointing this out. (I know a person who has Asperger's syndrome and takes everything that is said literally) The person who actually used the language "rip off" was none other...
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    EBS EBS update Dec 2017

    Hopefully there are a few more grenades to throw at EBS
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    It's Official, Ireland's Great Mortgage Rate Rip Off

    llgon, I will explain it for you as it appears you have not got the grasp of what a Member State Central Bank is, with regard to the overall ECB (European Central Bank). You see llgon, the Central Bank of Ireland is part of the ECB, each Member State Central Bank forms the ECB and can make...
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    It's Official, Ireland's Great Mortgage Rate Rip Off

    jpd,firstly,the Central Bank of Ireland is a member of the ECB. The same type arguments trundled out by other posters on this forum do increase the costs for banks here, this no one can deny. However it does not make up for the differential between Irish Mortgage rates and that of our European...
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    It's Official, Ireland's Great Mortgage Rate Rip Off

    Contrary to what many "eminent posters" on this forum say (defending the bank's high mortgage interest rates) the ECB/Central Bank of Ireland) says different. https://www.independent.ie/business/personal-finance/homeowners-crippled-by-highest-rates-in-eurozone-37117577.html
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    Ulster Bank Business Lending Rate review!!

    Hi Webster, Does anyone know if other banks beside UBIL made the same type "error"
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    Ulster Bank Business Lending Rate review!!

    Webster, Heard about this from article in the newspaper, this is like the tracker mortgage scandal but for Ulster Bank business customers. Wonder did the same type of behaviour occur in the other banks?
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    Mortgage Overcharge v Mortgage Underpayment

    Can you answer the question in the last post please? I'm all ears!
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    Mortgage Overcharge v Mortgage Underpayment

    Totally agree with you Brendan, just why were variable mortgage interest rates so high in this Country (they are coming down as of late, Sarenco says its competition in the marketplace!!). The cost associated with default risk would certainly not make up for the differential between our variable...
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    Mortgage Overcharge v Mortgage Underpayment

    IIgon, what really happens is that most mortgage contracts have a default clause, so that if you miss a monthly payment or part thereof for more than 3 months, the bank have a right to seek repossession (both contractually and statutory) The bank do eventually get the property from the borrower...
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    Mortgage Overcharge v Mortgage Underpayment

    Can anyone tell me why is it that, if a borrower cannot pay his monthly repayment towards his mortgage, the banks/funds can sue for default (breach of contract) and seek repossession. On the other hand, when a bank overcharges the borrower on his monthly mortgage repayments or misinterprets...
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    Ivan Yates: "We bailed out the banks..."

    Sarenco, if you bothered to do any in depth analysis of Anglo Irish Bank and look through the list of Anglo Irish Bank's subsidiaries you will find several that offered residential loans. Sure Allied Dunbar alone specialised in endowment mortgages. Your personal attack on me shows a level of...
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    Ivan Yates: "We bailed out the banks..."

    Ehh wrong again Sarenco, the hint is in the title "Anglo Irish now doing residential mortgages to get value" The body of the article states that from 2011 Anglo did write residential loans, prior to this, they provided residential mortgages in the guise of term loans. These were grant to most...
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    Ivan Yates: "We bailed out the banks..."

    Red Onion, Its terrible that old law stuff, if only it wasn't there!
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    Ivan Yates: "We bailed out the banks..."

    Ehhh, wrong again Sarenco. Here is a headline that refutes your false news. Anglo Irish now doing residential mortgages to get value Before 2011 they packaged residential mortgages as term loans as we all know.
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    Ivan Yates: "We bailed out the banks..."

    I say there was plenty of chats around the golf course in the good auld days relating to the setting of variable mortgage rates and just how much the banks could gouge out of the unfortunate borrower. If all the variable mortgage rates set by the various banks were effectively the same; there is...
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    Ivan Yates: "We bailed out the banks..."

    Thank God I am not alone, someone else who understands just how things really happen in the Emerald Isle.
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    Deutches

    I was wondering if anyone could shed light on same, they hold almost 60 trillion in derivatives products, so if something catastrophic happens to them, the world is returning to a global recession, and a long one at that.
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    Ivan Yates: "We bailed out the banks..."

    From late 2015 As the banking sector has contracted, the dominance of the two pillar banks, Bank of Ireland and Allied Irish Banks, is again apparent. This lack of competition is leading to high costs for customers in terms of interest rates and fees and charges. It is also inhibiting product...
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