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Just three banks have a mortgage market share of 80pc, according to the Competition and Consumer Protection Commission, quoting Central Bank data. In other words, AIB (and its affiliates EBS and Haven), Bank of Ireland and Ulster Bank issue most of the mortgages. Such a situation is anything...

No, you should read this thread again and take it in the overall context of what is being said regarding trackers affecting the overall high mortgage rate in Ireland (albeit that some pertinent posts have been deleted)

Sarenco, This is what you said on the 14th November 2014 on this forum. "To be fair, I don't think bankers are citing trackers as the reason for high SVR rates. They are all citing their relatively high cost of funds, which is largely due their weak balance sheets. It's all about the NPLs..."...

Sometimes simple arguments are the best.

Hi Sarenco, you may have just scuppered your very own argument. Davy's Finnish report specifically states that the default rate of total stock in Finland was 1.2%, in Ireland it is 8.1% (a vast difference). If Irish borrowers were paying 0.81% on their mortgages, the level of default would...

B26354 All tracker mortgages are variable in nature, the hint is in the word tracker.

Sunny, Prove to me that Irish banks are operating in a cartel to rip people off. Well I can't do that, (save for an insider whistleblower (maybe yourself or some banker who grows a conscience)), otherwise that could never be proved) but if I could prove same, I would not be posting such...

Thanks RED, Commercial Mortgage Holders, Check your EURIBOR RATES now, are they correct, have the banks applied the right term, 1 month, three month etc.

Sunny, start up a thread on rip off hotel prices if you want. However with regard to this Thread, if Irish banks charged borrowers the same as they do in Finland (currently under 1%) there would be no repossessions as borrowers would be able to make their monthly repayments, subsequently there...

What happens if the other financial institutions were at the same?

jpd, How many consumers would that be, would it be more than the 40,000 customers (and rising) that the banks have been RIPPNG OFF on mortgage tracker issues alone. I say alone, but watch this space.

Sarenco, Just for clarification purposes, are you stating the the Central Bank of Ireland has not said that the average new mortgage rate for borrowers in Ireland is 3.21%, the highest in the Euro area, while the mean average across the rest of the EU is 1.83%. Is this correct? If this is not...

Hi Ides, Its potentially more costly to the banks than the tracker mortgage scandal because of the vast sums involved, anyone out there?

Hi, I was wondering in relation to this latest debacle, does anyone have a copy of the bank's clause setting out the definition of what is the bank's cost of funds are, both the pre 2012 version and the later one. If so can they post it to this thread?

Sarenco, if at all possible could you post any data regarding the average rate on outstanding mortgages v the Eurozone average.

Great rate, moving in the right direction and a market leader. Ulster bank must believe mortgage interest rates are going to stay on the floor for the next two years.

Without doubt there are more, some people I know, sent data access requests on the off chance and found that the bank had allegedly sent them generic tracker mortgage letters and applications (circa 2005 and 2006) These are noted on the EBS's internal systems, but in the document section they...

Ok, sorry about that. I think Ansbacher Bankers Ltd had a residential loan portfolio also, if that makes a difference.

Central Bank still investigating them to see if there are more "impacted" customers than they are admitting to.

My friend worked for IBRC and he showed me an Anglo Irish Bank mortgage that he has on his house when he worked for Anglo. I will ask him will he let me post it to the forum.