ptsb introduces fixed rates for existing customers

Discussion in 'The Fair Mortgage Rates Campaign' started by tommyryan55, Jun 14, 2017.

  1. tommyryan55

    tommyryan55 Frequent Poster

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    PTSB have are now offering fixed rates to existing customer's, LTV not accounted for, at certain points there is a 1% difference between the fixed rates been offered to new customers versus existing customers.

    upload_2017-6-14_17-6-45.png
     
  2. sonandheir

    sonandheir Frequent Poster

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    37
    I have been on to them for years now to introduce fixed rates for existing customers. Should have known they would introduce some of the worst fixed rates. I wish I could switch but my net disposable income is too low for other banks to offer me a switcher. C'est la vie.
     
  3. tommyryan55

    tommyryan55 Frequent Poster

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    50
    I was in the same boat until recently but thankfully a change in my work situation means I can now leave PTSB, I have approval from AIB just waiting to hear back from KBC and then I'll be off, either way PTSB will have one less customer....
     
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  4. Paul Reilly

    Paul Reilly Frequent Poster

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    And me too as soon as positive equity even if rival bank only a fraction less

    They never did anything for me and property prices are going up by 2k every month so in 18 months

    Our house is 130k loan 150k

    I wont even give ptsb the option to keep me as a customer

    Ill switch if it costs me 3k as principle and pay back loan to credit union. No bank deserves all your earnings for treating you like a pauper
     
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  5. bdecuc

    bdecuc Registered User

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    45
    After too long being trapped by PTSB and paying punitive interest we're finally in a position to switch. I'm not even giving PTSB a courtesy of a phone call to let them know.

    I estimated (back of envelope) that being stuck with PTSB had cost in the region of €15,000 over the years as against if we'd been with say AIB in that time.

    In the process of switching to EBS to take advantage of their 2% cash back and rate falling from 4.3% to 3.5%. Saving around €90 a month.
     
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  6. DeeKie

    DeeKie Frequent Poster

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    153
    Gosh those fixed rates are shocking.
     
  7. Brendan Burgess

    Brendan Burgess Founder

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    Any update on this?
     
  8. Joe90

    Joe90 Frequent Poster

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    75
    No change AFAIK.

    We are paying 4.3% variable with Prison TSB, and want to switch to 5-year fixed rate with another lender but can't. The PTSB rate is the exact same as the variable we are on, we are being fleeced completely. I sometimes get very cross about it, but will keep pushing to get a change.
    Some day, our ship will come in......
     
  9. Brendan Burgess

    Brendan Burgess Founder

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    34,834
    Hi Joe
    It will be one of the issues I will raise at the AGM later this morning. It's a pity that a few customers don't come along and express their rage.

    Brendan
     
  10. Joe90

    Joe90 Frequent Poster

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    75
    Nothing will change at Prison TSB. I can change my own circumstances but not PTSB. They made their bed a long time ago, and they can't get out of it now. I feel that I, and many others like me, are being trapped by other institutions who are mercifully-maintaining the life-support of PTSB customers who got mortgages at the height of the madness, but not attempting to pick over the carcass of this once-friendly society. We worked hard and sacrificed to keep our homes, faithfully paid, but are now trapped with a rate of penury....
     
  11. cliqueentour

    cliqueentour Registered User

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    24
    What don't ye switch to another lender???
     
  12. Joe90

    Joe90 Frequent Poster

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    75