WaterSprite
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Also - don't know if this clarifies anything... (might be worth always quoting APRs to avoid any confusion?)Meanwhile, National Irish Bank will increase its variable rates by between 0.2pc and 0.95pc from November 11. Its home-loan variable rate will be 4.25pc. The bank said this was the first rise in variable rates since June 2008.
Some 75pc of NIB's customers are on tracker rates and so are unaffected by yesterday's rises.
Mine is worse - the rate was a discounted variable 2.9% and now it's 4.35% according to the letter .
Interestingly, the increases in their fixed rates are far less dramatic.
Fixed rates have not increased, in fact with the package discounts, one can get a discount to a fixed rate below old rates. I am thinking of breaking my existing LTV fixed and re-fixing at lower rate with discount.
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that's contrary to what I have been told, so will have to confirm again.It doesn’t look like they will give the discount off fixed rates, it clearly refers to the applicable Home Loan Variable Rate.
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