In a number of different newspapers yesterday it is rumoured that PTSB are planning to introduce an increase to their variable rate for new and existing customers. It is only a rumour at this stage but it would seem that the news has been leaked from PTSB to try and soften the blow of the news when the actual increase is announced.
This is bad news for all Irish Mortgage customers currently because if PTSB put their rates up then the other Irish Lenders will no doubt follow with increases of their own.
Customers on tracker rates are safe for now as it does not look like the ECB will increase rates anytime soon but all those on variable rates should prepare themselves for a rough ride over the next few months.
Anyone currently on a variable rate should really consider fixing for at least 2 or 3 years. However it really depends which lender you are currently with. BOSI for example has very high fixed rates but on the other hand lenders like AIB and EBS have attractive fixed rates. You really need to check with your own lender and then make a decision as to whether or not it is worthwhile fixing.
No comments:
Post a Comment