Some lenders charging silly rates!
07 November 2009
The rates being charged by some of the foreign owned lenders are completely out of line with other home lenders.
Bank of Scotland the the RBS controlled Ulster Bank and First Active are costing variable rate holders thousands of euro through charging massive margins on their variable rate products.
Nib who have incurred huge losses in the past year are also punishing variable rate mortgage holders for reckless lending on their commercial side and below cost lending on their tracker mortgage book.
So if you can manage it we advise that you switch your mortagge from these lenders.
ps Dont switch if you ahve alow cost tracker mortgage.