Tag Archives: ECB
ECB interest rate cut of at least 0.25% is expected to be announced at lunchtime today. Good news for mortgage holders, who will save Euro 104.17 per month on a Euro 500k mortgage.
Customers with tracker mortgages will automatically benefit but hopefully the other Irish lenders will pass on the reduction to their variable rate customers. Permanent TSB continues to charge very high rates in an attempt to subsidise their tracker mortgages, but it may be worth digging out any signed documentation and taking some advice. Continue reading
Well done Super Mario for yesterday’s ECB interest rate cut. That’s a saving of €2,500 per annum for those unlucky enough to have €1 million on interest only. Another cut by December could be on the (Christmas) cards! Good Financial … Continue reading
Permanent TSB takes advantage of its residential investment property mortgage customers by threatening to take away their interest only facilities if they refuse to give up their tracker mortgage rates. This is a despicable cynical move by the bank. Continue reading
Irish mortgage lenders have increased interest rates yet again, despite no increase yet in the ECB 1% rate. Is it time to look at the 5 year fixed rate offerings if you are on a standard variable rate or if you are about to take a new mortgage? Continue reading
To fix or not to fix – Irish Times article of 9th August 2010 including views of Austin Hughes of KBC and Rachel Doyle of PIBA Mortgage Services Continue reading
Following our recent Good Financial Housekeeping “To fix or not to fix” post, PIBA (Professional Insurance Brokers Association) put out the following press release on 8th August:- Broker group PIBA has advised mortgage holders – except those on tracker rates – to … Continue reading