Pepper Finance to raise variable interest rates

The company said the move was in response to the increases in interest rates announced by the European Central Bank in both December and earlier this month.

Some borrowers pay less though and others, whose loans had higher rates when they were transferred to Pepper as a result of historic credit issues, pay more. That is because certain borrowers who had previously experienced difficulties in making mortgage repayments to banks and had their loans sold to such companies are now stuck paying very high variable mortgage repayments, in some cases around 7%.

The Governor of the Central Bank has said that banks and financial institutions need to be proactive in supporting their customers as interest rates go up. "The team at Pepper will continue to support those customers looking to switch or refinance their home loan to a bank or alternative lender," it said.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

TDs set to haul AIB before Finance Committee after DJ Carey debt revelationsAIB will be asked to appear before the Oireachtas Finance Committee to address why debt of €9.5 million owed by DJ Carey was reportedly written down to €60,000 in 2017
Fuente: thejournal_ie - 🏆 32. / 50 Leer más »

Dublin-based Integral Finance & Technology acquired by British groupGS Verde said the deal would help it expand its footprint in Ireland and the European Union as it continues growth plans
Fuente: IrishTimesBiz - 🏆 6. / 77 Leer más »