Brendan Burgess
Founder
- Messages
- 52,118
Ulster Bank | Permanent tsb | |
2 years | 2.2% to 2.4% | 3.1% |
3 years | 2.95% | |
4 years | 2.35% to 2.55% | |
5 years | 2.2% to 2.55% | 3% |
7 years | 2.8% to 3.15% | 3% |
10 years | 2.8% to 3.15% | |
Home improvement | As above | 3.95% |
With the government pushing for this and not many other likely outcomes I think that’s the best that can be hoped for.I have no idea how a deal like this will allow them to restructure their pricing but I assume it would make them more competitive as their performing loan book would increase dramatically and will change their balance sheet. It should level the playing field and allow them compete properly with the main players in a way that hasn't been possible up to now.
I do not see many realistic alternatives to permanent tsb. Avant perhaps if they are interested. AIB and BOI would be problematic as they already dominate.I have issued a press statement just now
Permanent tsb must be blocked from taking over Ulster Bank mortgages
Brendan Burgess, Fair Mortgage Rates Campaign
It has been reported that permanent tsb is the front runner to take over the performing home loans from Ulster Bank. To do this, permanent tsb would require a capital injection from the major shareholder, the state. This must not be allowed to happen.
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