Permanent TSB

[Captain_Morgan]

:mad:

Permanent TSB today announced 0.5% hike in mortgage rates

How the fcuk can they do this now of all times, Then lenihan says he wont intervent with the hike :(

Shower of fcukers, the lot of them are in bed together

Thats an extra €132 per month onto my mortgage

[liamo3]

Unreal mate get onto your local TD it's a fcking crime that these lads are been bailed out and get away with it. It's there fault we are the way we are! If these lads do it and get away with it won't be long before the rest follow suit

[Pimboli]

For once I agree with Enda Kenny, Cowan should ring us PTSB and just say 'Its not happening'.

Its taxpayers money that bailed them out and is guaranteing them and all the banks including PTSB customers and what do they get in return from PTSB? One up the a$$!

[Paddser]

Met an aul lad on holiday from Wales in the pub the other day. He was asking me what I think of the way things are. He kept harking back that people are just accepting things these days and that people just dont bother making a stand against this sort of thing. I thought it was a good point...after 8 pints.

[Rover 609]

Dont worry folks,Byrnetred will sort it ALL out.:cool::cool:

[kaiser_del]

you must have a whopper mortgage el nino?!!with aib + half my mortgage is standard variable so fingers crossed they dont follow!

[byrnetred]

Dont worry folks,Byrnetred will sort it ALL out.:cool::cool:left ptsb a year ago, now work for a different bank:D

one of the reasons i heard for this was that because ptsb rely so heavily on funding from the international market that the interest rates they are paying are higher than the variable rate that is currently been charge to its customers...so in turn its loosing money on its variable rates loans at the minute...

absolute disgrace that some of their staff got spat at today in the branches, once again its the people at the front line who take all the abuse instead of the people who make these decisions

[Monty]

Guess who I have a variable rate with:mad:......d!ckheads is all they are.

[D-Red]

Met an aul lad on holiday from Wales in the pub the other day. He was asking me what I think of the way things are. He kept harking back that people are just accepting things these days and that people just dont bother making a stand against this sort of thing. I thought it was a good point...

Would have to agree. I'm awful when it comes to the financial markets etc and no problem admitting it. But I know from a family friend that in France if they are unhappy about something then they take to the streets and make it known. I'd admire their balls for making a stand.

We seem to just accept whats coming and then bitch about it after.

[vincenzo]

left ptsb a year ago, now work for a different bank:D

one of the reasons i heard for this was that because ptsb rely so heavily on funding from the international market that the interest rates they are paying are higher than the variable rate that is currently been charge to its customers...so in turn its loosing money on its variable rates loans at the minute...

absolute disgrace that some of their staff got spat at today in the branches, once again its the people at the front line who take all the abuse instead of the people who make these decisions

Very true, absolutley disgusting to do something like that.

[MR KING KENNY]

wankers the lot of them, if TSB do this they'll all do it, money hungery fcukers the lot of them, gangsters in suits.

[vincenzo]

My 3 year fixed term is up next feb.I was hoping that the mortgage might come down a bit then but i won't be holding out too much hope now.:mad:

[Raven136]

disgraceful.Banks all over the world have been bailed out and this is how they treat us.
Bank of America and City Bank have announced profts of 7billion dollars.This is a joke of a situation where people wont do a fcuking thing about bar ring Joe Duffy:mad:

FF dont give a fcuk,the bankers and developers got them where they are,follow the money trail of donations and you can see why Lenihan and FF wont do anything.
When Jack O Connor and Enda Kenny are both on the same page its then you know its a serious situation:D

[Captain_Morgan]

you must have a whopper mortgage el nino?!!with aib + half my mortgage is standard variable so fingers crossed they dont follow!

Ah its not massive but its not small either (375k)

If ptsb go ahead with it all other banks will follow suit, i heard their reasons about them losing money on their variable rate loans and the fact that its dearer to borrow money now but for fcuksake now is not the time to do this, it will have a negative effect on the economy its taking more money off the ordinary joe,

If every ptsb mortgage holder missed their next mortgage payment they might then think different and realise that they just cant ride roughshod over people.

As for the government, they propose a cut in social welfare and explained that they could do this due to the fall in the cost of living and tumbling interest rates then when a hike is mentioned lenihan and his pals go missing, well fcuk them all im sick of the greed in the upper echelons of this country causing stress and struggle on the ordinary people of the country

Rant over

[MrsStevieG]

one of the reasons i heard for this was that because ptsb rely so heavily on funding from the international market that the interest rates they are paying are higher than the variable rate that is currently been charge to its customers...so in turn its loosing money on its variable rates loans at the minute...

Not at you personally obviously, but these ****ers make me sick!. Losing money are they? Well thats life isn't it! Tough shit!. These things happen in business. But no the greedy ****ers want it every which way.
When money was being thrown around like there was no tomorrow I didn't see them lowering their rates!.
Now they are hitting people when things are already so bad.
Of course our government lets them away with it. Bails them out and then lets them piss all over ordinary people.

[byrnetred]

Not at you personally obviously, but these ****ers make me sick!. Losing money are they? Well thats life isn't it! Tough shit!. These things happen in business. But no the greedy ****ers want it every which way.
When money was being thrown around like there was no tomorrow I didn't see them lowering their rates!.
Now they are hitting people when things are already so bad.
Of course our government lets them away with it. Bails them out and then lets them piss all over ordinary people.

its a bit of a vicious circle really, their credit rate was reduced this week with the mian reason been that it wont be profitable till 2011, now if they continue to loose money their credit rating will go down further and the cost of borrowing will increase...

[Paul]

Guess who I have a variable rate with:mad:......d!ckheads is all they are.

Could be worse you could have a fixed rate with them :o

[James]

You should all have just stayed in the folks house like real men do

[conman]

i wish all the execs of dodgy dealing banks were fired, with no compo,
i wish the gov was removed, actually i wish the whole set up was trashed, having one party rip shreds of the other, and visa versa, having so many traditionalists / over 50's only vote one party all their life.. this isnt how you run a country, this isnt choosing who we want to run a country, this is people getting elected because of what team they play for (pun, i know, but thats how it is). Id much prefer a council that talked about problems and worked together towards solutions.. and these guys dont get to be buddies with bankers and builders...

[davadov]

The sooner a General election is called the better. The only thing to do is go to the streets and protest because this is disgraceful. The Banks get bailed out with our money and then because of their poor practises they then charge us more money so they can be more profitable. The government have completely failed us and if FF had any balls they would have put proper sanctions on how banks are being run seeing as they are paying them Billions to keep them afloat. Lenihan should be straight on the phone to them to give them an ultimatium. What a ****ing joke of a country. I feel really sorry for the people who are losing out.

[davadov]

:mad:

Permanent TSB today announced 0.5% hike in mortgage rates

How the fcuk can they do this now of all times, Then lenihan says he wont intervent with the hike :(

Shower of fcukers, the lot of them are in bed together

Thats an extra €132 per month onto my mortgage
Thats really shitty and uncalled for. People losing jobs all over the place and they raise interest rates:mad:

[conman]

the best way to show the banks what we feel, is to leave them..
1 or 2 leaving makes little difference, but collectively its a statement.

all depends on our contracts tho, im with EBS, and i want to fix mine, but i can only do that in 18months or so.

[davadov]

I have a feeling that the other banks will now follow suit and increase interest rates by 0.25% next week. It will all be done slowly and sneakily until they get back to the level where the customers can be screwed. The Government should be thrown out for not giving proper sanctions when bailing out the banks. That was incredibly naive. How is the country suppose to get off its knees if people are crippled by morgage and loan repayments. What a shower of incompetent wankers.

[conman]

I have a feeling that the other banks will now follow suit and increase interest rates by 0.25% next week. It will all be done slowly and sneakily until they get back to the level where the customers can be screwed. The Government should be thrown out for not giving proper sanctions when bailing out the banks. That was incredibly naive. How is the country suppose to get off its knees if people are crippled by morgage and loan repayments. What a shower of incompetent wankers.

the government has been very niave for the past 15 years.
it seems that after they brought in the US companies, and got the ball rolling on the Celtic Tiger then they just sat back and stopped using their noggins.

If they saved some money, didnt live entirely on credit, provided huge incentives for Irish entrepreneurs and the now experienced Irish workers from those same companies that came here on low tax incentives, they we would be in a much stronger position. If they denied the builders planning permission for the past 2 years or more, then we wouldnt have had such a drastic fall from the housing bubble.

pathetic when u think of it how lame and naive and irrisponsible our gov has been

[vincenzo]

The only way we can stop this madness is if the people stand up and say enough is enough.If there was a threat of a national strike then i'm sure the government would step in and put a stop to all this.Moaning about it is going to get us nowhere, we need action.

[rampant hair]

left ptsb a year ago, now work for a different bank:D

one of the reasons i heard for this was that because ptsb rely so heavily on funding from the international market that the interest rates they are paying are higher than the variable rate that is currently been charge to its customers...so in turn its loosing money on its variable rates loans at the minute...

absolute disgrace that some of their staff got spat at today in the branches, once again its the people at the front line who take all the abuse instead of the people who make these decisions

That's not true mate, the ECB have stuffed the banks full of cash through their LTRO program. 3 month money on the wholesale markets now costs less than 1%. Now is the best time to be a bank, fat margins across the board. They are screwing us

[stamullenredmen]

my mortgage is with the ptsb but its tracker thank god.bad form that they take tax money then do this.in fact for some reason our mortgage and life insurance with them is thru maynooth branch even though we done everything in the balbriggan one and they rang the missus last week on wed asking her to go to maynooth for a chat on the friday,were not behind or anything so she said no we were working.havent heard from them since,wonder were they going to talk us onto a varible mortgage :confused:

[Shay]

I'm on a tracker with PTSB aswell, spoke to them a while back about different things on the mortgage and they told us any change will result in us losing the tracker and not getting it back. Now seems like an ideal time to fix the rate but if i fix i lose my tracker rate and could end up at the mercy of the banks variable

Good time to look around at different banks to see if they can tempt people away from PTSB

[Niall]

I'm on a tracker with PTSB aswell, spoke to them a while back about different things on the mortgage and they told us any change will result in us losing the tracker and not getting it back. Now seems like an ideal time to fix the rate but if i fix i lose my tracker rate and could end up at the mercy of the banks variable

Good time to look around at different banks to see if they can tempt people away from PTSB

Wouldn't come off a tracker. Just my opinion.

[liamo3]

I'm on a tracker with PTSB aswell, spoke to them a while back about different things on the mortgage and they told us any change will result in us losing the tracker and not getting it back. Now seems like an ideal time to fix the rate but if i fix i lose my tracker rate and could end up at the mercy of the banks variable

Good time to look around at different banks to see if they can tempt people away from PTSB

Once you are on a tracker Shay you are linked to the ECB rate and will only move when this moves. If your bank decides to move rates on their own it will not effect you. They will do anything to get you out of your tracker mate and there is good reason for that.

[Pimboli]

I moved on to a tracker at 1.68% last December when our intro 4.54% 2 year fixed rate expired with PTSB so we were blessed but im afraid of when it starts going the other way as when the ECB gets back up to 3% will be paying more than we were before it so im in the same boat do I try and fix it now for a long term or just stick with it and hope for the best.

[Benbecul97]

I moved on to a tracker at 1.68% last December when our intro 4.54% 2 year fixed rate expired with PTSB so we were blessed but im afraid of when it starts going the other way as when the ECB gets back up to 3% will be paying more than we were before it so im in the same boat do I try and fix it now for a long term or just stick with it and hope for the best.

If your tracker is 1.68% + the current ECB rate of 1% so a total of 2.68% - then I would stick with the tracker.

The time to think about fixing is when the rates start to creep up again - if you fix now you will be paying more than you need to be paying for the next months. If the ECB announce an increase think about fixing then - for now sit tight!

[liamo3]

If you fix it for 2 years when the 2 years are up you come out into a variable rate at the banks discretion you will lose the protection that the tracker brings, an example of this is now anyone with PTSB on a tracker will not be effected by the hike PTSB have just given out. with a fixed rate you are only putting off the enivitable and if intrest rates dropped again your hands would be tied up in a fixed rate. Rates will go up eventually but why start paying that increase now

[callyno3]

I'm on a tracker (thank fcuk) , negotiated ECB + .95% some while back. I'm not fixing, gonna stick with tracker.
As far as I know Shay they can't break the contract on the tracker but they may try to offer you deals to get you to off it.

[Shay]

As far as I know Shay they can't break the contract on the tracker but they may try to offer you deals to get you to off it.

Yeah as far as I know there's fcuk all they can do about it, I don't think we'll get a better time to fix a rate than now however I don't think we'll have a better option than the tracker again................

[Fowler's God]

All the banks are doing a session here in work today...lets say PTSB didn't get a great response....more so than the rest of them.

[Liverpool-law]

:mad:

Permanent TSB today announced 0.5% hike in mortgage rates

How the fcuk can they do this now of all times, Then lenihan says he wont intervent with the hike :(

Shower of fcukers, the lot of them are in bed together

Thats an extra €132 per month onto my mortgage

Lenihan is doing the right thing here, if you knew how deep PTSB were in the sh*t you'd do the same. Don't you think it's strange that they are doing this now, without any increase from the ECB? Do you think they would take this action and all of the negative publicity that goes with it if the state of their finances wasn't critical. The fact of the matter is they are the biggest mortgage lenders in the country and their books are f*cked. Like it or not, we're in the position we're in and you can say "f*ck the banks" but if they go under we all go under. You're looking at it from the point of view of those *******s taking more of our money (I know, it hurts and it's sh*t). But if a Bank that size goes under, we pretty much all end up losing our jobs, the entire country is bankrupt.

Not at you personally obviously, but these ****ers make me sick!. Losing money are they? Well thats life isn't it! Tough shit!. These things happen in business. But no the greedy ****ers want it every which way.
When money was being thrown around like there was no tomorrow I didn't see them lowering their rates!.
Now they are hitting people when things are already so bad.
Of course our government lets them away with it. Bails them out and then lets them piss all over ordinary people.

As I said above, I wish it were that simple to say to PTSB "tough". The knock on effect for us all if they went under would be astronomical. Yes, they operated recklessly and threw us all in the sh*t. But we don't have the option of walking away, unfortunately we all have to pay for their f*ck ups or the country is bankrupt. That means mortgage holders have to foot the bill. It's sh*t but the alternative is ten times worse.

Wouldn't come off a tracker. Just my opinion.

No way would I come off a tracker. I'm on one myself. The ECB rate WILL go back up but that's inevitable, it's never been so low. It will go up probably in .25 of an interest rate hikes (maybe .5) over the course of a few years. The Banks don't give tracker mortgages out any more because they are basically losing money on every tracker mortgage out there. Over the term of your mortgage, I cannot see how any other mortgage would be cheaper, you might get mortgages cheaper in the short term at times in the course of the mortgage but in the medium to long term the tracker will cost you less, much less.

[Captain_Morgan]

Liverpool Law you obviously think that we should just grin and bear this and put our shoulder to the wheel and just pay this and not let ptsb get into financial difficulty.

Well im not accepting that, the chairperson publicly stated at the time of the government bail out that they were opposed to government interference and that they did not require fiscal assistance. Now all this is is ptsb safeguarding profits plain and simple, ptsb are not in the mire as much as you might think and they will never be either after pushing this hike through, do you think they would go to the wall without the government stepping in?? The only government assistance they got was the guarantee scheme they never got any money from them so im not buying your arguement that they are in dire straits, its people that take your attitude and let them away with it instead of standing up and fighting that will stop this country getting back on its feet

[NiallD]

Wouldn't come off a tracker. Just my opinion.

+1

I'm stuck in a fixed rate for the next 2 1/2 years but due to go into a tracker when i finish it. Tracker by far and away the safest bet for mortgages imo. With ECB controlling the interest rates depending on economic climate, you're in a much better position than your regular bank, which is trying to make money at the end of the day. The benefits of a tracker to customers is why we'll probably never see them again.

[LUCAN RED!!!]

unbelieveable

[stamullenredmen]

If your tracker is 1.68% + the current ECB rate of 1% so a total of 2.68% - then I would stick with the tracker.

The time to think about fixing is when the rates start to creep up again - if you fix now you will be paying more than you need to be paying for the next months. If the ECB announce an increase think about fixing then - for now sit tight!


shows how they knew it was coming i got my mortgage december 05 and after two years fixed at 3.16 it went on to tracker at ecb+1.1%.i think i was inspired the day i said to the missus we will leave it tracker and see how we go

[Garrett]

I'm on a tracker with PTSB aswell, spoke to them a while back about different things on the mortgage and they told us any change will result in us losing the tracker and not getting it back. Now seems like an ideal time to fix the rate but if i fix i lose my tracker rate and could end up at the mercy of the banks variable

Good time to look around at different banks to see if they can tempt people away from PTSB


Shay,

If you've a tracker mate, don't let them pry it from your cold dead fingers, not alone while your still with us !!!

Trackers are gone for ever more, they are costing banks a fortune due to the cost of funding for banks so if you've got one, keep it is my advice (speaking as the proud owner of one myself btw ;))




....

Getting back to the Permo for a moment, one thing I've heard around town in the past few days is that there has been several incidents between customers and staff of PTSB, including some where customers spat at staff.

Personally, I think thats simply not on to be honest ... it was not the staff who made the decision to increase the standard variable rate, it was the "Top Cats" at PTSB (and I'd bet, they are only the first in a long line of banks which will soon do the same, now PTSB has gotten away with it !!!)

[Liverpool-law]

Liverpool Law you obviously think that we should just grin and bear this and put our shoulder to the wheel and just pay this and not let ptsb get into financial difficulty.

Well im not accepting that, the chairperson publicly stated at the time of the government bail out that they were opposed to government interference and that they did not require fiscal assistance. Now all this is is ptsb safeguarding profits plain and simple, ptsb are not in the mire as much as you might think and they will never be either after pushing this hike through, do you think they would go to the wall without the government stepping in?? The only government assistance they got was the guarantee scheme they never got any money from them so im not buying your arguement that they are in dire straits, its people that take your attitude and let them away with it instead of standing up and fighting that will stop this country getting back on its feet

All I'll say is I was talking to someone yesterday and yes, they ARE in the mire as much as I think. I'm not standing up for them, just heard the plain reality of the situation. I ask again, do you think they want to alienate all their customer base and lose future business by raising interest rates at a time like this?? This is borne out of sheer necessity, something we should be more worried about.

[Shay]

Getting back to the Permo for a moment, one thing I've heard around town in the past few days is that there has been several incidents between customers and staff of PTSB, including some where customers spat at staff.

Personally, I think thats simply not on to be honest ... it was not the staff who made the decision to increase the standard variable rate, it was the "Top Cats" at PTSB (and I'd bet, they are only the first in a long line of banks which will soon do the same, now PTSB has gotten away with it !!!)

Couldnt agree more, acts of this nature is just idiotic

[Kop On]

Personally, I think thats simply not on to be honest ... it was not the staff who made the decision to increase the standard variable rate, it was the "Top Cats" at PTSB (and I'd bet, they are only the first in a long line of banks which will soon do the same, now PTSB has gotten away with it !!!)

+1 Garrett

I worked in ptsb for 5 years so have a pretty good idea of how they operate. All the decisions are made by people in fancy offices who never have to face the public.

The front line staff are sent out to face the abuse and you wouldn't believe some of the things that happen, being spat at is one thing but they are far worse things that happen.

I'm sure all the banks are the same and I don't have any sympathy for them. During the good times you wouldn't believe the kind of money the executives were earning. I know because I used to process their bonuses every March!

To give an example my old boss who funny enough was a blue nose, placed a single bet of €30,000 on Everton to beat Newcastle at St James. I think the odds were 3/1 or something crazy like that!. The game finished in a draw and I bore the brunt of his stupidity for a full week afterwards!

[smiley1987]

i think its absoulutely disgusting that the average joe is being punished so hard for all the f**k ups of the banks and government and i actually fell bad for the staff who got spat and treated like dirt for something that they didn't decide to do and also i hope the people who voted fianna fail back in to power are happy because ff have ruined this country with their stupidity i mean enda kenny said when the general election came around vote me in power and i will do this do that etc. and he then said if he didn't well then don't vote for me ever again

[Captain_Morgan]

anyone else get their letter today confirming the increase, surely there is something that can be done ive sent the nast e mail and done the protesting phone call but nothing will ever come of it, whos taking to the streets ???????

[Paddser]

anyone else get their letter today confirming the increase, surely there is something that can be done ive sent the nast e mail and done the protesting phone call but nothing will ever come of it, whos taking to the streets ???????

Im staging a sit down at my desk as we speak. It should last at least 10 minutes.

[Captain_Morgan]

Im staging a sit down at my desk as we speak. It should last at least 10 minutes.

Smartarse come on mayo:p

[Paddser]

Smartarse come on mayo:p

:p

[ronnie10]

Tracker is now gone. only people still to have them is people who didnt come off them. They were costing banks too much money thus have stop them never to return again. Banks just screw everyone and never advise people. I was lucky that it was a friend who sorted miine and advised the tracker and to stay on it.

[stalker]

The private sector is not fit to run the banks.

They should be fully nationalised.

[stamullenredmen]

im with permanent tsb and they are trying to get the missus and ymself in for a mortgage "review".yeah right pull the other one ptsb i know the real reason is to try talk us off our tracker.they have one hope,and thats bob

[windhover]

I'm on a tracker with PTSB aswell, spoke to them a while back about different things on the mortgage and they told us any change will result in us losing the tracker and not getting it back. Now seems like an ideal time to fix the rate but if i fix i lose my tracker rate and could end up at the mercy of the banks variable

Good time to look around at different banks to see if they can tempt people away from PTSB

you would be mental to want to fix your tracker!