!4000 Bank of Ireland Mortages acquired by Nationwide

justice4people

BoGoF wrote: »

justice4people - please stop copying and pasting your garbage on all posts the mention BOI.....you have already been told you are wasting your, and everybody elses, time.

What's wrong with being positive and adopting community spirit on this matter?

It's all about awareness, in practice some of the threads are difficult to find as already discussed on one of the threads! So, there is a need to post on different threads to encourage awareness.

There are 14,000 people affected- you may not be one of them hence your don't care attitude!

BoGoF - thank goodness we don't all adopt your 'sad' solo attitude .....

brit1234

justice4people wrote: »

Mortgage hike to hurt 14,000 homeowners with the Bank of Ireland

Big deal if you have to pay 4.79% interest on the mortgage, that is extremely low still. How about us savers who are paying for your low rates give you what little interest we get as well.

This isn't justice4people just greed4people. :mad:

farcove54

brit1234 wrote: »

Big deal if you have to pay 4.79% interest on the mortgage, that is extremely low still. How about us savers who are paying for your low rates give you what little interest we get as well.

This isn't justice4people just greed4people. :mad:

I posted on this thread and others on the same subject a few weeks ago. I wanted to know other peoples experiences as I felt we were quite justified in not being happy about or mortgage increasing by £350 per month , we did not want to just sit back and accept it ( would anyone ?). I received some helpful and some very rude replies, simialr to yours.
I don't often post on these boards but until recently I have been grateful for others input.
I'm afraid this kind of response is not helpful and it makes me question why people would respond in such a way and to be honest , puts me, and I'm sure others , off using what is normally a helpful forum.
Thanks
Kay

alan180

justice4people wrote: »

What's wrong with being positive and adopting community spirit on this matter?

It's all about awareness, in practice some of the threads are difficult to find as already discussed on one of the threads! So, there is a need to post on different threads to encourage awareness.

There are 14,000 people affected- you may not be one of them hence your don't care attitude!

BoGoF - thank goodness we don't all adopt your 'sad' solo attitude .....

Because BOI Have sold my mortgage my payments will increase by 54% and this is legal??!! My other problem is because of the economic climate created by Banks my work (carpenter) has become scarce and when I do work my hourly rate is less than 2-3 years ago therefore if I tried to switch, the lender would not offer me a mortgage because of my earnings!! What can I do but to pay up!!??

Thrugelmir

alan180 wrote: »

Because BOI Have sold my mortgage my payments will increase by 54% and this is legal??!!

Yes it is.

Irish banks are in a far worse state that the UK based ones. So consider yourself fortunate that you've ended up with the Nationwide as your lender.

C_Mababejive

Must pull all my money out of Nationwide..dont want to be involved in supporting bad debt with my money..

opinions4u

What I don't get is why a loss making Irish bank didn't increase their SVR if the T&Cs allowed them to.

Anybody got any insght on this?

Thrugelmir

opinions4u wrote: »

What I don't get is why a loss making Irish bank didn't increase their SVR if the T&Cs allowed them to.

Simply put. Funding, and the cost of.

Banks throughout the Eurozone are deleveraging their balance sheets to meet ever higher regulatory capital requirements.

brit1234

C_Mababejive wrote: »

Must pull all my money out of Nationwide..dont want to be involved in supporting bad debt with my money..

I'm thinking the same, they now don't offer the best interest rates for savers. With house prices continuing to fall in 2012 this could be a risky move for them and our money.

Thrugelmir

brit1234 wrote: »

I'm thinking the same, they now don't offer the best interest rates for savers.

The NW can't afford to. As they are committed to 2% above BOE base on many mortgages.