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    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    Yes but you might want to double check your rates - I am not familiar with rates applicable to those dates
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    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    I don't think it was plucked out of thin air. If you look at what PTSB's variable rate was when we should have finished our fixed term and deduct from it the ECB rate at that time you should get the 3.25% margin. This is the usual way of calculating what the margin should be but contractually...
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    They should give the rate when the fixed rate was broken and not when the fixed rate was due to end.

    Have we confirmed per the PTSB calculations that the new tracker rate only applies from the date the fixed term should have expired and the SVR remains applicable for the period prior? If this is the case we have another battle because it means they are ignoring the period from the date of the...
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    PTSB Rate not specified; what rate have you been put on?

    My scheduled end date was Nov 2009 for my home loan, got a new rate of 3.3%, my RIP is 3.4% and that would have ended Feb 2010
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    PTSB - why did you break your fixed rate?

    Does anybody actually remember paying more for a month or two after breaking ie their new SVR was higher than the fixed for a short while?
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    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    That was my argument all along Wardy7 when I wrote many letters to PTSB but I was ignored. Just in case it has not been mentioned the 3.25% is not quite plucked out of thin air. When I would have broke out in Feb 10 the variable rate I reckon was around 4.15% and the ECB rate was 1% so I would...
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    re ptsb paying out

    By what Katnia has said about her offer it sounds like they are paying some off the capital and refunding what is left, I don't think she mentioned having arrears
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    The amount of compensation is a disgrace!

    I think we need to be careful not to judge our offers in terms of being happy as that is subjective - some people think some amounts of money are huge while others would consider them tiny. We need to sit down and do the sums on what we were entitled to and if we are not able to do that engage...
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    TRS and CGT on the refund?

    My only comments re the tax issue would be that irrespective of our mortgage interest we would still have to pay tax so while it makes our pain even worse that is not something we can do anything about. It's not as though we would have paid less tax if we paid less interest or didn't use money...
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    ptsb redress programme announced

    I hope all those thinking about getting PTSB mortgages are reading this thread
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    ptsb redress programme announced

    I don't understand the FAQs re overpayments - are they saying they are taking it off the loan balance first and after that we might get a refund? I assume they mean they overpayments we all made unintentionally rather than the ones some people make intentionally.
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    What is the legal status of the European Standardised Information Sheet

    This is why we need to start coming up with more arguments - better safe than sorry
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    What is the legal status of the European Standardised Information Sheet

    The only weakness with the standardisation sheet is it says it is not legally binding (mine does I assume they all do). I would certainly use it as the first line of attack but we need additional arguments as well just in case... The bank might be more receptive to an argument that proved we...
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    They should give the rate when the fixed rate was broken and not when the fixed rate was due to end.

    Copied from another thread as it's such an important point The bank might be more receptive to an argument that proved we should get the rate applicable at the date we actually broke out of the fixed term because it would remove people like S2K from the picture and prevent additional floodgates...
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    PTSB PTSB - on expiry of fixed rate, tracker rate not specified

    The only way hopefully which we can differentiate from S2Ks story is that as a matter of fact we did break out when we did - not when we should have so we should have the rate applicable at the date we broke out. S2Ks fixed term ran its natural course, ours didn't.
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    PTSB ptsb will tell you over the phone if you are getting a refund

    I feel the same Ella, the more time that passes the more upset I am over the 3.3%. I can think of 3 lines of attack but feel defeated and tired after 5 years of financial ruin. No incentive to continue paying the mortgage. We were punished for being cautious and going on fixed rates and dealing...
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    PTSB ptsb restoring my tracker but at 3.5%!

    it was easy Phil because it is an interest only mortgage so A/I just got the annual figure on the amortisation sheet and divided it by the capital (which obviously would never change) and that was the interest rate to be applied (assuming the ECB rate never changed)but to get B/your margin above...
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    PTSB ptsb restoring my tracker but at 3.5%!

    I am the same. New rate 3.4% with no rate originially mentioned on loan documentation but standardisation sheet works out at 1.1%
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    PTSB ptsb will tell you over the phone if you are getting a refund

    I am the same as you Katnia really albeit they told me on the phone rather than online
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    PTSB ptsb restoring my tracker but at 3.5%!

    PTSBCase it looks to me like you are being offered the rate you would have got had you not broken out of the fixed term and you reverted to tracker early in 2010. There was a poster "Corklad" who was given a margin of 3.25% back then and when you add that to current ECB lending rate of .05% you...
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