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Agreed. That's why I haven't pursued it. I never felt I had grounds. As I said in a post at the time, expectations and assumptions don't account for much in a legal argument

Unfortunately, the correspondence sheet I have from an estate agent / PTSB agent didn't have any tracker rates on it. But the contract did have that item 2 wording. I came out of a fixed at the end of the fixed period and got put on ECB + 3.25% in 2009

Has anyone challenged the rate with the Ombudsman? Date Margin over ECB Source November 2008 + 1.68% Steiner Feb - May 2009 + 2.25% Core 123 August 2009 + 1.1% Ombudsman report Nov 2009 +3% fedup May 2010 +3.25% Cork Lad October 2010 +3.35% robe; buy to let; with Ombudsman Guys, do you think...

Brendan, this is the fixed agreement letter I got in early 2007: http://www.askaboutmoney.com/showpost.php?p=1224384&postcount=42

That sucks man. I was in a similar boat, having taken out a 3 year fixed in 2007 rather than taking a tracker. (broker said the rates would only go one way (up) if they were going to move :rolleyes: ) But in 2010 the options I was given included a SVR of 4.15% SVR or a 4.25% (ECB + 3.25%)...

*** UPDATE *** A few conflicting stories after a few phone calls... First of all I rang the revenue TRS helpline and the really helpful lady knew what I was talking about right away. She said that PTSB are unusual and they actually keep the backdated TRS in a "sub-account" to the mortgage but...

Hi folks, I got a letter from PTSB today saying the TRS has changed obviously due to the budget changes (now 30% TRS in my case). I rang PTSB and asked what was happening with the backdated TRS since the budget. As usual the guy played dumb and said that's a thing for the revenue to tell me...

They/I wouldn't/shouldn't. Correct. My original point of debate was the margin I have over the ECB with the tracker is 3.25%. At the point I was offered that the ECB was at 1% and the corresponding SVR offer was 4.15% (this was 2010). So PTSB were working with around that 3% margin over the...

Yes, I think most people on this forum are aware of how trackers and variables work. ;)

I don't think you understood my point/question. I'm not saying the variable rate will be lower than the ECB, I'm saying the ECB/variable rate margin may go below 3.25% and therefore my overall rate may go below the variable rate. Back in the good old days the ECB/variable margin was around 1%.

@core123 I was just about to post a similar question! I'm in the same boat as you after coming off a 3 year fixed 2 years ago (mortgage taken out in 2007), so I'm on a ECB + 3.25% (=4.25%) right now too. (@Whatstracker that lasts for the rest of the mortgage - no term on it) I was actually...

Official reply received:

Very good point!

That's not the point. :) I will be registering but I'm curious what will happen to people like me who chose not to, for whatever reason - protest, refusal to give information, etc. Everyone who chooses not to pay will be guilty of the offence and there will be a whole lot of them so they...

I live in a designated unfinished estate so don't have to pay the charge (this year). From the household charge website FAQ: and What happens if I don't register? All of the penalties are on the outstanding amount. Does that mean I'll be paying 10% of €0, etc. as a late fee? I'd like to know...

I got a letter yesterday from PTSB about the ECB cut before that. It said the rate cut became effective on the 21st of November. And my payment on the 30th of December (!) will reflect this. I was on to them last month and they told me for a rate cut they've something like 30 days to implement...

We've a whopper 400k mortgage on a crappy interest rate with PTSB so we'd be touching around 16k interest at the moment. Miscalculating reality hurts sometimes.

I was doing up some TRS calculations for my mortgage this morning and came across something I didn't realise. I rang the TRS helpline to clarify and they said a lot of people have the same misconception. The fact is this: you are only a first time buyer for 7 years for TRS. So in my case, I...

So it seems their 'internal' tracker rate margin is still at 3.25%. I'm not sure really. I got the customer service girl to admit yesterday that they don't know anything or have anything to do with rate calculation. So it's a bit fruitless ringing them - unless they put you on to another...

I was just going though my documentation again with a fine tooth comb and spotted some more details at the end of my approval letter, after the conditions. This may give them free license to choose the tracker rate they like... @Shaggydog are all of these conditions I've posted the same in...