ptsb introduces fixed rates for existing customers

Discussion in 'The Fair Mortgage Rates Campaign' started by tommyryan55, 14 Jun 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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    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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    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
     
    Nordkapp likes this.
  5. bdecuc

    bdecuc Registered User

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    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.
     
    Nordkapp likes this.
  6. DeeKie

    DeeKie Frequent Poster

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    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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    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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    35,989
    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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    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 Frequent Poster

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

    Joe90 Frequent Poster

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    78
  13. Paul Reilly

    Paul Reilly Frequent Poster

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    ptsb reducing rates at last blessed day n ulster fixed rate 2.3 happy days
     
  14. Whatstracker

    Whatstracker Frequent Poster

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    PTSB looking for €100 to move to the new fixed rate, is this the norm?
     
  15. Paul Reilly

    Paul Reilly Frequent Poster

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    Not sure

    I am trying to switch to Ulster Bank

    This 3.7 percent rate is too late

    Ulster are offering 2.3per cent.

    We are speaking with them Monday

    The whole switch process will take 3 months or thereabouts and then I will be free from Pure Toxic Stupid Bank.

    Also isnt the bank meant to inform you when they have new rates or of better rate. Pure Toxic have not contacted us yet
     
    tommyryan55 likes this.
  16. RedOnion

    RedOnion Frequent Poster

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    Not immediately. CPC is that they must inform you at least once a year.
     
  17. RedOnion

    RedOnion Frequent Poster

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    Is this a break fee for exiting your current fixed rate?
     
    Whatstracker likes this.
  18. Paul Reilly

    Paul Reilly Frequent Poster

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    God they really have us by the short and curlys dont they

    Thanks anyway Red.

    Ill contact them going forward
     
  19. Whatstracker

    Whatstracker Frequent Poster

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    Not all all, currently on their SVR of 4.5%
     
  20. RedOnion

    RedOnion Frequent Poster

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    Then they've no basis to charge you for fixing. Unless they need a new valuation? How did they explain it?