Why not attend the next general meeting and ask them?Also, how come they can do this when they are making so much profits and paying thier directors a fortune?
Switch it and go tracker or fixed rateEBS seem to be putting up the mortgage every month, with the letter that comes out stating that it's due to the cost of raising funds, so nothing to do with the ECB.
Are all other financial institutions doing the same thing, (i.e. increasing the mortgage rate every month) or is it just the EBS.?
Also, how come they can do this when they are making so much profits and paying thier directors a fortune?
I thought they were staying a mutual to pass on benefits to their members!!!
I thought that most or all lenders had withdrawn payment or subsidisation of switching fees?I've decided to switch to Bank of Ireland - 1.2 tracker & €1,000 towards legal fees.
I thought that most or all lenders had withdrawn payment or subsidisation of switching fees?
I thought that most or all lenders had withdrawn payment or subsidisation of switching fees?
My advise would be to take the €1K and go to a solicitor. Title insurance is a disaster.
What is it and why?Title insurance is a disaster.
I think EBS in particular have pushed this too far, - one seriously wonders are they just being cynically opportunistic and treating the "credit crunch" as an opportunity to increase their margins, thereby compensating for the shortfall in new customers lately.
BKIR issued £450m of lower tier 2 debt yesterday (July 31st) with a sticker price of 9.25%. That is a spread of 431bps over UK governments or closer to 385bps over swaps and shows not only that bank spreads generally have widened in recent months but that the market is exacting an Irish premium.
http://www.davy.ie/content/pubarticles/eqbrief20080801.pdf
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