Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Central bank remove tracker

Options
  • 19-06-2013 8:11pm
    #1
    eoin95
    Closed Accounts Posts: 103 ✭✭


    Hey,

    Heard today something about the central bank giving lenders permission to withdraw/remove tracker rates on mortgages??? It included not having to negotiate with the borrower and it was due to banks losing so much money. Anyone have any details on this or know anything about it??


Comments

  • Options
    #2
    roro2
    Registered Users Posts: 412 ✭✭roro2


    It's a proposal by the Central Bank, but only for mortgage-holders in serious arrears who are being offered some form of debt write-down/restructuring where the overall package, including the loss of the tracker, would be of benefit to the customer.


  • Options
    #3
    johnwest288
    Registered Users Posts: 665 ✭✭✭johnwest288


    roro2 wrote: »
    It's a proposal by the Central Bank, but only for mortgage-holders in serious arrears who are being offered some form of debt write-down/restructuring where the overall package, including the loss of the tracker, would be of benefit to the customer.

    By the way i see it nothing the bank can offer would match a tracker mortgage UNLESS they knocked 30 or 40% write down on the overall sum owed. A tracker could be worth up to 100,000 euros over the life of a mortgage


Advertisement