RTE 9 O'Clock News, 23rd July 2010, PTsb Rate Hike

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Uploaded by on Jul 26, 2010

In this piece the RTE 9 O'Clock News covered the recent announcement by PTsb to increase their standard variable rate mortgage by 0.5% from 3.69% to 4.19%

This will impact c. 80,000 customers who have mortgages with an average balance of €66,000 meaning €5,300,000,000 worth of loans will pay an additional €27m p.a. in payments, added together the three rate hikes over the last year levied upon their variable rate mortgage holders will add up to an additional €80 million euro.

Other banks are set to follow the lead set out by the EBS the week before when they increased their rates by 0.6%.

For mortgage news check http://www.mortgagebrokers.ie/blog
and http://www.mortgagebrokers.ie

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  • !RTE FOOTAGE HERE ! NEED RTE HELP IN NOVEMBER for COURT !

    Click User Name !

    AxaPolicy50007837 1 year ago

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