Tag Archives: Frank Conway

How interest rates have changed since 2008

Those coming off fixed rate deals are being urged to check their mortgage contracts

Fixed rate mortgage holders exiting five-year fixed rate deals are being urged to check their mortgage contracts closely as many may be entitled to a tracker mortgage with their lender. Throughout the summer of 2008, many mortgage customers began opting to fix the rate of interest on their loans in response to rising interest rates [...]

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MABS

MABS welcomes Central Bank survey of mortgage holders

The Money Advice and Budgeting Service (MABS) has welcomed the Central Bank’s decision to survey mortgage holders. The survey will focus on the changes in income and consumption patterns of mortgage holders after they draw down their bank loans. A spokesperson for MABS said there had been a 50% increase in the number of people [...]

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Permanent TSB are one of three banks charging their variable rate customers significantly more than the ECB rate

Three banks charging significantly more than ECB rates

THREE banks are charging their variable customers way over the ECB rate, new research has revealed. The Irish Independent has reported today that Permanent TSB, Ulster Bank and EBS are charging significantly more than the European Central Bank rate of 1%. The variable rates charged by Permanent TSB are more than 4% above the ECB [...]

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Banks are being encouraged to consider the US-style mortgages

Banks encouraged to introduce mortgages with limits on rates that can be charged

A leading mortgage expert is encouraging banks to follow a US example and introduce mortgages where there is a limit on the interest rate they can charge. In an interview with The Irish Independent, Frank Conway of MoneyCoach.ie said such a rate cap was common in America and would give some certainty to new borrowers. [...]

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