Agree on this. This is predominately switcher market territory and we simply don't have an active enough market to warrant it, although I would have thought a headline rate of 2.3% may be good marketing material for a bank !!but I can't see variable rates for the lowest LTVs going under 2.5%.
The question is whether they will cut rates of some up with some other novel approach to do this - for example a semi-offset mortgage for say 5-10% of the mortgage balance etc? I am not sure rates alone work at the moment given how successful cashback has beenI would be surprised if AIB don't make another move before the end of March - they are losing too much market share to just stand still.
Have to agree with you here. I don't see anything on the horizon that really makes this look like it going to happen any time soonI think the FF mortgage bill is dead in the water.
https://www.askaboutmoney.com/threads/fixed-rates-best-buys.204420/Where are ye getting all these low rates
Why would they ignore PTSBs rates in this report
I'm afraid you will have to contact the journalist that wrote that piece if you want a more definitive answer.I suspect RTE ignored PTSB because their fixed rates are uncompetitive.
Indeed. There are a number of inaccuracies / weaknesses in the article. A bit of a missed opportunity in my opinion.I think that elements of that article are inaccurate; for example, my understanding is that Ulster Bank will allow me to repay up to 10% of my 2.5% fixed rate mortgage per year, rather the 5% referred to in the article.
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