If your loan offer states what you have written then you will be able to appel the letter. I'm sure that PTSB will have missed some customers and there will be more.
Hi ns20413Just came off the phone and was told I'm not included in this case and a letter will be sent this week. My case is slightly different to others but was told over the phone that it was because it didn't state in my original loan offer that I was to be put onto a tracker when in fact it does. They won't discuss anything with me until my letter goes out
Guys, just wondering if anyone is in the same situation but further along in the process? I spoke to Padraic Kissane a few weeks ago, my documentation from PTSB finally arrived today and I'll e-mail it to Padraic's office tonight but had a question in the interim.
We did not break out of our fixed term. In Dec 2009 (month before coming off 4.79% fixed rate) we were offered a SVR, Tracker or various fixed rates, detailed below. We went for the Variable, stupidly thinking it was more affordable. Sure enough, within months, the Variable rate shot up and up.
Has anyone in the same boat either been contacted by PTSB or been advised that they're on the bank's "list"?
Just had a look at online banking and next mortgage payment is 03/08 and still at the lofty 4.5% we've been paying.
Excellent you attached that, quite clear now why you would pick the variable over the tracker. That has to have been deliberate. As in deliberate bank policy to artificially lower the variables to fool people on trackers into taking the variable and once enough customers had done so to hike the variable.Guys, just wondering if anyone is in the same situation but further along in the process? I spoke to Padraic Kissane a few weeks ago, my documentation from PTSB finally arrived today and I'll e-mail it to Padraic's office tonight but had a question in the interim.
We did not break out of our fixed term. In Dec 2009 (month before coming off 4.79% fixed rate) we were offered a SVR, Tracker or various fixed rates, detailed below. We went for the Variable, stupidly thinking it was more affordable. Sure enough, within months, the Variable rate shot up and up.
Has anyone in the same boat either been contacted by PTSB or been advised that they're on the bank's "list"?
Just had a look at online banking and next mortgage payment is 03/08 and still at the lofty 4.5% we've been paying.
This is very interesting. We came off a fixed in 2012 (5 years @ 5.15%); we were on a tracker previously. We have a number of letters from bank stating evidently we were switched from a tracker. The last communication says trackers ceased to be offered on 31/8/09, thus why we could not have it back in 2012. This appears to be factually incorrect by the looks of the scanned document from HC2015.
Excellent you attached that, quite clear now why you would pick the variable over the tracker. That has to have been deliberate. As in deliberate bank policy to artificially lower the variables to fool people on trackers into taking the variable and once enough customers had done so to hike the variable.
There absolutely has to be emails or bank meetings on this strategy.
(Delete the date you signed the document, you can be identified from your style of writing, it just might be important not to be identified if you are discussing your negotiating strategy on here)
The ESIS sheet clearly shows the margin and everyone knows the margin in 2006 when trackers were offered were approximately 1% and no-where close to 3.25%
But what was the ECB rate at the time ? We took out ours in 2007, but I can't find a historical record of (a) what the ECB was at the time & (b) what the margin PTSB was offering over ECB was at the time.
[I may be using the incorrect terminology in searching]
I contacted the Central Back asking if they'd know what the rates were and they don't keep records of that, which I found unusual.
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