aibredress
Registered User
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Me too mine has been reduced to 1.55% on 7th Sept.
Hi ericsonMine changed to 1.74% I see online tonight. Also part of 300 cohort. Why the difference I wonder
I think it might be the date,
agreed, we came off in DecemberVery unlikely.
If ECB was 4%, where is the Bank getting a 1.74% margin from that table ? I can see the 1.5%.This was the rates matrix in June 2008 when they last changed the tracker margin.
The ECB rate was 4% at the time. So the margin on a mortgage of >80% LTV and <€500k was 1.5%.
View attachment 4951
View attachment 4952
So they probably used the same combination of LTV and mortgage amount.
Brendan
If the tracker margin isn't determined at the start of the mortgage,
I came off the fixed rate 13 days after they withdrew trackers, it should be 1.5% but they've changed our rate to 1.74%...doesn't make any sense.
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