tracker mortgages Archives - MyHome.ie Advice & Blog

Tracker rates expected to remain low for the next three years at least

Those with tracker mortgages are expected to benefit from low interest rates for the next three years, according to mortgage experts. The current interest rates being charged to those on trackers is at a record low of just 0.05%, with most tracker holders paying around…

Permanent TSB urged to compensate 2,000 customers wrongly denied tracker mortgages

Mortgages & Money

Permanent TSB have been told they must compensate some 2,000 customers who have been wrongly denied tracker mortgages. In February, the bank withdrew its appeal against a High Court finding that the financial services ombudsman was right to decide that two couples were entitled to…

Mortgages & Money

Interest rate on new mortgage lending rises in February

Blog, Mortgages & Money

The interest rate charged by banks on new mortgages has increased, according to the Central Bank. It says the rate on new floating rate loan agreements - including renegotiated loans - increased by 12 basis points or 0.12% during February. The rate is now 3.38%.…

AIB, EBS and Haven customers now able to move and retain their tracker

General, Home, Mortgages & Money, Property News, The Seller

Customers on AIB, EBS and Haven tracker mortgages will be able to move home but still retain their mortgage terms as and from yesterday. AIB will add 1 per cent to the customer’s existing tracker mortgage rate for the duration of their tracker term , if…

ECB cuts interest rates to 0.15%

Uncategorized

Euro zone interest rates were cut from 0.25 per cent to 0.15 per cent today in a bid to revive the continent’s moribund economy and stave off the threat of deflation. The news will be a welcome boost for those on tracker mortgages, who will…

AIB considering slashing interest rates for some of those in arrears

General, Home, Mortgages & Money, Property News

AIB is considering slashing interest rates for some mortgage holders who are in arrears. The bank is examining the option of reducing interest rates for some homeowners as low as 0.5%. It is expected it would introduce the measure in the second quarter of this…

ECB leave interest rates unchanged

General, Home, Mortgages & Money, Property News

The European Central Bank has left its interest rate unchanged today, as had been expected. In July the ECB said it would keep rates at current or lower levels for an “extended period”. Their move today means that rates remain at a record low of…

AIB chief Duffy insists rate increase is "regrettable" but "fair"

General, Home, Mortgages & Money, Property News

Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home loans, but added the move it is fair. The bank must charge market rates for loans, where…

McGrath accuses banks and government of abandoning variable rate customers

General, Home, Mortgages & Money, Property News

The decision of AIB to hike up their variable mortgage interest rate by another 0.5% is further evidence that the banks and the government have completely abandoned variable rate customers, according to Fianna Fáil finance spokesperson Michael McGrath. Speaking following the announcement yesterday, Deputy McGrath…

Certus to pitch for PTSB and AIB trackers

Mortgages & Money

Banking work-out firm Certus plans to pitch for the contract to service tracker mortgages moved from Permanent TSB and AIB if the Government proceeds with this plan in the next restructuring of the State-controlled banks, according to a report in today's Irish Times. Joe Higgins,…