The rumours that PTSB were about to increase rates has been confirmed today. PTSB have announced that variable rates for existing customers will increase by 0.5%. This will mean an increase of about €65 for anyone with a mortgage of 250k over 25 years.
This is terrible news for all mortgage customers not just those with PTSB. Although other lenders have today denied reports that they are planning rate increases, it is almost inevitable that they will.
It is a hard pill for mortgage customers to take at this time when they are already trying to cope with the effects of the worst recession to hit this country in decades.
No comments:
Post a Comment