A rarely seen glimpse of someone actually getting the point:
http://www.independent.ie/business/...s-as-another-rate-cut-on-the-way-2980311.html
"....Meanwhile, new research shows that Permanent TSB, Ulster Bank and the EBS are charging their variable rate customers way over the ECB rate.
The variable rates charged by Permanent TSB are more than 4pc above the ECB rate of 1pc, Frank Conway of personal finance website MoneyCoach.ie said.
Since 2009, several mortgage lenders have increased the rates they charge their standard variable rate customers.
These rises came well before the ECB began increasing its rates earlier last year, only to reduce them in the November and December rate cuts, he added.
"While it is important that banks get back to a stable financial footing, it is also important that they do not risk the repayment capacity of individual mortgage customers who hold standard variable rate loans," said Mr Conway."
Now, all we need it more people to come to this realisation and to vocalise it widely in the media!
http://www.independent.ie/business/...s-as-another-rate-cut-on-the-way-2980311.html
"....Meanwhile, new research shows that Permanent TSB, Ulster Bank and the EBS are charging their variable rate customers way over the ECB rate.
The variable rates charged by Permanent TSB are more than 4pc above the ECB rate of 1pc, Frank Conway of personal finance website MoneyCoach.ie said.
Since 2009, several mortgage lenders have increased the rates they charge their standard variable rate customers.
These rises came well before the ECB began increasing its rates earlier last year, only to reduce them in the November and December rate cuts, he added.
"While it is important that banks get back to a stable financial footing, it is also important that they do not risk the repayment capacity of individual mortgage customers who hold standard variable rate loans," said Mr Conway."
Now, all we need it more people to come to this realisation and to vocalise it widely in the media!