Is there anyone coming off a PTSB discounted tracker soon. Do you know what your new tracker rate will be?
I reckon they don't want any new business which is why ALL their offers at moment are anti-competitive.I feel your pain. I'm in the same boat. I really think those introductory offers should be abolished. The seem great but once they finish they really try and screw you. I tried to ask them on the phone why are they more then doubling the rate and the answer i got from the guy was that they are under pressure to make as much money as they can...
What's your LTV? If you took up a mortgage with PTSB on March 2008, how come you have a rate specified for when the discount period is over? They stopped doing that in December 2007 and replaced it with "the then current rate" !?D. The interest rate applicable to this tracker loan may be varied by permanent TSB provided it will not exceed 0.60% over the ECB refinancing rate for the 1st 12 months (the discount period) from the date of loan issue. the ECB rate may be varied from time to time by the ECB. In the event of any variation of the ECB rate during the discount period the interest rate applicable to this loan will not be more than 0.60& over the ECB rate as varied by the ECB. On expiry of the discount period the interest rate applicable to the loan will not be more than 0.80%over the ECB rate.
I am so delighted my solicitor got this sorted for me...
My LTV is c60%, I had approval in principal since June 2007 to buy out shared ownership with Dublin City Council, but as anybody knows that dealing with that shower for anything takes time, a whole lot of time so the mortgage was only drawn down in March 2008. I had a good solicitor and broker who between the 2 of them I was able to keep the specified rate condition.What's your LTV? If you took up a mortgage with PTSB on March 2008, how come you have a rate specified for when the discount period is over? They stopped doing that in December 2007 and replaced it with "the then current rate" !?