why would they let you move over to them?
.
You are not getting treated like crap. You are getting a fair deal.The banks have got away with murder and people like you and me bust are backsides and get treated like crap.
1. The taxpayer is providing a Deposit Gaurantee. Pray to god it is never used.
2. The taxpayer has already provided funds by the way of purchase of shares using the National Pension Funds and raising Bonds on the International Markets.
3. Nama will soon be taking effect. I know Bonds can cashed at the ECB but at the end of the day, this is medicine for a cold. The taxpayer will be picking up the bill for this as well.
The banks have got away with murder and people like you and me bust are backsides and get treated like crap.
If you are moving this is irrelevant. The new bank will get your property valued and that is the figure you will need to reduce to 92%. Also, some banks offer 92% on variable switches but want 90% or less for fixed rate so be aware of the rules.I rang PTSB - they have our home at LTV 98% according to the latest valuation of the property on file.
@ Bronte: Thanks for your input - some very good ideas there.
Kluivert,
That looks like an expensive variable rate (especially given the liklihood that rates will rise over the next 12/24 months).
Would you not consider their five year fixed rate at 3.7% for even a portion of your mortgage..
https://www.permanenttsb.ie/whatweoffer/mortgages/interestrates/
You need a LTV of less than 50% to fix with PTSB. This is not an option for an OP in negative equity
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