Cheers. I've been waiting for the new rates. Thought they'd drop the variable rate.New rates from Ulster bank today, can't see any changes really
I would be 99% sure that is because of IT system limitations rather than trying to be a 'differentiator' by designThey're slightly unusual in that a 2 year fixed for example isn't for 2 years, but up to 2.5 years depending on when you draw down (fixed until Sept 2020). They were previously quoting to March, so had to update the rate sheet.
Definitely - and I imagine it will be the case until the full assessment has been done on the tracker scandalSeems to me this mortgage rate war has stalled last few months
And AIB is still losing market share !For a <50% LTV
AIB doing 2.75% +2K cash back
UB doing 3.2% (under 200K mortgage) or 3.0% (over 300K) +1.5K
Having never worked for them I could not say 100%Only 99%?
I have to agree here - this is an area that definitely should be looked at by the banks. I would have liked to see more sub 3% 10 year fixed rates, especially since ECB are starting to talk about raising rates.Was hoping they would have attacked the 10 year market more.
Think the last bank to amend variable was AIB and that was 6+ months ago. Nothing much changed since November, other then Ulster bank and KBC tweaking rates. Nothing from BOI, AIB, EBS, PTSB this quarter.Has any bank dropped their variable rate last 6 months or so? It seems just the fixed rates dropping lately
Doubt there will be much movement in variable rates. For a number of reasons:Has any bank dropped their variable rate last 6 months or so? It seems just the fixed rates dropping lately
That's not universally the case. For example, over 75% of BOI's back book consists of trackers and fixed-rate mortgage products.With all that a drop in variable rates would disproportionately hit banks existing book (which is still mostly variable).
From article:Pressure grows on AIB and BOI to cut mortgage rates -