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Archive for the ‘Irish mortgage Holders’ Category

Irish Life Mortgage’s Up-date

Irish Life & Permanent said it will raise the rate on its standard variable mortgage by 0.5pc from February 1, citing the “high cost” of funds required to finance its mortgage loan book.

“As has been previously advised to the market,” Irish Life’s banking unit Permanent TSB “is facing significant financial challenges,” the lender said in a statement today. The “high cost of funds continues to pose challenges.”

Irish Life said the change in the rate will affect just under 80,000 residential mortgage customers

Machholz comment

So these crooks are going to fleece their customers again and the Government are just going to sit back and let it happen!

I suggest that all the customers get together and picket the Head offices in Dublin and keep the picket on until they are forced to withdraw the last two hikes

All the customers could form a union and as such would oblige other unions to stand with them

Remember we the people are the real masters of our own destiny

come on we are 80,000 strong  lets show them!

 

Leave a message or comment if you want to help set up this action group!

or call  0860666321

Irish Life Mortgage’s


Opposition parties have sought an assurance from the Government that other banks will not follow the lead of Permanent TSB if it puts up its variable mortgage interest rates.

Finance Minister Brian Lenihan said that no Minister for Finance since the foundation of the State had come into the Dáil and announced what mortgage interest rates would be.

He also pointed out that Permanent TSB had not applied to come under NAMA, nor had it sought any recapitalisation from the State.

Mr Lenihan added that Permanent TSB had paid for the benefit of the State 

Guarantees

and said the bank was in a difficult situation with historically low interest rates.

source http://www.rte.ie/business/2010/0128/mortgage.html

Lenihan again, cops out!

 Has he forgotten that is the Governments guarantees ,that keeps this corrupt financial Toxic Bank Afloat?

All he has to do is make a phone call, but for 70 thousand family’s,

 The sad news is,                                           

You’re not worth it!

David McWilliams How FF put middle class deep into ‘debtor’s prison’

David McWilliams has posted a new article, ‘How FF put middle class deep into
‘debtor’s prison” ,follow link below  it will open you eyes!

Has Fianna Fail destroyed the Irish middle class? If the answer is yes, then
this recession will have considerably more dramatic lasting effects than even
some of the most realistic observers suggest. The reason for asking this
question is that the huge debts incurred by the broad middle class in the
property boom can’t be paid. And with no coherent mechanism for individual
mortgage default, the Government is putting bondholders before mortgage
holders.

You may view the full article and add your own comments at
http://www.davidmcwilliams.ie/2010/01/27/how-ff-put-middle-class-deep-into-debtors-prison

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