Ulster Bank said today it is offering existing borrowers who wish to move home the option of keeping their existing tracker mortgage rate when they buy a new house. Ulster Bank are hoping to aiming to double their mortgage lending in 2012 . Thay said that whilst market demand remains relatively low, Ulster Bank has […]
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Tracker Mortgages
PTSB 10% Bonus on Tracker Repayments
PTSB are offering a 10% bonus for anyone paying a lump sum of more than €5000 off their tracker mortgage. Ie. – If you pay €5000 – they will knock €5500 off the balance of your mortgage. Lump sums have to be in multiples of €5k. You can only pay up to a maximum of […]
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Mortgage Increases April 2011
After last week’s ECB rate rise – many borrowers will soon start to see their repayments rise for the first time since July 2008 . ECB rates dropped from 4.25% in July 2008 down to a low of 1% in May 2009 . The latest rise will bring the ECB rate up to 1.25%. See […]
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ECB Rate – How much Longer before it rises?
The ECB kept their interest rate at 1% today – but there were strong hints of a rise coming soon. A poll of economists by Reuters resulted in a majority saying that ECB rates would rise in April 2011 . This was after the ECB president said the bank will exercise “strong vigilance” over inflation. […]
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ECB Rate down to 2.5%
The European Central Bank (ECB ) announced another interest rate cut today . The rate is being cut by 0.75% to 2.5% with effect from 10th December 2008. The Bank of England earlier tody cut rates by 1% to 2 per cent, their lowest level since 1951. Tracker mortgages should be cut automatically in the […]
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