ptsb introduces fixed rates for existing customers

T

tommyryan55

Registered User
Messages
63
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.

 
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.
 
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....
 
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
 
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.
 
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......
 
Joe90 said:
I sometimes get very cross about it, but will keep pushing to get a change.
Click to expand...

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
 
Brendan Burgess said:
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
Click to expand...
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....
 
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
 
God they really have us by the short and curlys dont they

Thanks anyway Red.

Ill contact them going forward
 
RedOnion said:
Then they've no basis to charge you for fixing. Unless they need a new valuation? How did they explain it?
Click to expand...

Letter just stated that if I'm going to take one of the fixed rate options that I need to need to send a cheque or transfer €100 to them.

Edit : Just read it again, calling it a "transfer fee".
 
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