The ask Bandage about mortgages thread

[balbec]

@iron_mike

I can nearly guarantee ypu as soon as ypu get the key, it’ll be worth a minimum of a 100 more then you pay for it.

But he still has to live somewhere

[ciarancareyshurlingarmy]

Regardless of bank or offer, get the repayment sum for an increase on rates of +2% and make sure you can pay it

[TreatyStones]

@Breaking_my_balls

We’d prefer to buy to be honest, the hassle in building that family members have experienced recently has turned both of us off tbh. But the option is there alright. Still some great bargains to be got around though if you’ve the ear to the ground before Auctioneers etc are involved

Myself and @backinatracksuit will do your floors for you. €300 a day. Each.

[glasagusban]

That puts a different spin on it alright. Cc @Breaking_my_balls

[carryharry]

Plus he didn’t ask for that totally useless piece of info.

[Appendage]

How the fuck did 30,000 get changed off a tracker mortgage and not challenge the banks if they had any inkling there was an issue.

If someone tried to change my tracker I’d like to think I’d be all over it.

[Appendage]

Paudie Kissane has aged terribly since he retired.

[gilgamboa]

@Appendage

How the fuck did 30,000 get changed off a tracker mortgage and not challenge the banks if they had any inkling there was an issue.

If someone tried to change my tracker I’d like to think I’d be all over it.

Do you not even have the most basic understanding of whats gone on?

[Appendage]

No. I haven’t been following it at all. I’ve just caught primetime here.

[iron_mike]

Hayes made a complaint to the European commission today telling them he suspected the banks are running a cartel. Any truth in that?

[mickee321]

@alf_stewart

We could get a deposit together easily enough but even with that the problem is she has no income here in Ireland so I’m assuming we would struggle to get a mortgage off any of the Irish banks. I’m assuming they wouldn’t take her income in the US in to account and it would just be based on mine. It’s a pain in the bollix as our rent is gone through the roof. I’m guessing we need to sit down with a financial planner asap. The though of paying 18,000 in rent next year is sickening when we could buy a decent place and be paying a good bit less.

if ure still stuck on that send me a PM pal

[Appendage]

Person gets a tracker mortgage.

Bank offers fixed rate mortgage to give security for 3 years.

Person meant to back on tracker but doesn’t.

And here we are today.

Is that not it?

[gilgamboa]

@Appendage

No. I haven’t been following it at all. I’ve just caught primetime here.

When people went and got a fixed rate or were encouraged into a fixed rate (when tracker rates were high) they did so on the understanding they would go back on the tracker when fixed rate expired. The Banks by and large refused to put them back on the rate or else put them back on more expensive trackers.

So it wasnt that people failed to spot it. They just got nowhere with conplaints or just accepted the Bank was entitled to act as they did

[gilgamboa]

Thats exactly it

[Appendage]

Surely when this was happening in 09/10 the lawyers would’ve been all over it? i don’t why I didn’t change. Probably apathy.

[artfoley]

@Appendage

Person gets a tracker mortgage.

Bank offers fixed rate mortgage to give security for 3 years.

Person meant to back on tracker but doesn’t.

And here we are today.

Is that not it?

Slight bit more to it, at end of term banks sent out letter saying here’s options but not including tracker and writing into small print they’d waived trackers.

[gilgamboa]

Who knows. Nothing would surprise me.

[gilgamboa]

@Appendage

Surely when this was happening in 09/10 the lawyers would’ve been all over it? i don’t why I didn’t change. Probably apathy.

You cant take a class action in Ireland which takes away a lot of consumer power. Some individuals went to the ombudsman but that is a v slow process. Ombudsman found in consumer favour but then PTSB took a supreme court case appealing against that decision which delayed things even further.

[glasagusban]

The FSO is fucking useless.

[tazdedub]

Lads simple fact of the matter is that the banks run the country. They are free to do what they want, when they want. Just look at Paschals statement the other day on it, basically he told the banks that they were naughty and to head off and sort it out on their own terms. The politicians are beholden to the banks because they all have got something from them like loans at preferential rates or other little nicities that a normal joe soap wouldn’t ever have a hope of getting.

If the government had any balls at all they could have introduced legislation allowing for class action law suits to start with, secondly the finance minister could have, maybe should, order the revenue to do a root and branch tax audit on all the banks. You can bet these fuckers are have all sorts of shenanigans going on. Also they could revoke a banks banking licence. They should also be told as an act of contrition to lower there interest rates by 1%.

The banks need a good kicking to be brought back down to earth. After the behaviour of the banks prior to the crash the government should have brought in draconian legislation for the banks to stop this sort of carry on.