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all ECB info here

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  • 07-11-2013 2:29pm
    #1
    rameire
    Registered Users Posts: 4,152 ✭✭✭


    Ok so the ECB announced today a decrease in the standard rate of 0.25%.

    This rate is not effective in the markets until next Wednesday.

    So check your tracker rate mortgage wording.

    Variable rate mortgage customers will be lucky to get any of this decrease.

    Most trackers will have to decrease within 7 or 30 days of implentation.
    But ts&cs vary.

    🌞 3.8kwp, 🌞 Split 2.28S, 1.52E. 🌞 Clonee, Dub.🌞



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    #2
    almighty1
    Banned (with Prison Access) Posts: 1,183 ✭✭✭almighty1


    Woohoo my NIB tracker now means I'm paying just .75% in total.


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    #3
    opinionated3
    Registered Users Posts: 2,154 ✭✭✭opinionated3


    I presume ebs won't pass this on to variable customers like the last decrease?? Not everyone is on trackers. Not sure how this benefits the economy if only a certain percentage of mortgage holders will actually see any benefity from this move


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    #4
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    opinionated3 wrote: »
    I presume ebs won't pass this on to variable customers like the last decrease??

    Exactly. BoSI (Certus) were the only bank to pass on the last ECB cut to their variable rate customers.


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