By Fergal O’Brien
Friday January 29 2010
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
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!
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