Just finished a switch from KBC to UB. Experience was far from smooth but i would do it again tomorrow out of principle alone.
I was with KBC 4.05% Variable (in current acc). Qualified for UB 3.2% Var Rate due to >250k <80% LTV. Now i'm paying a little less per month (~€50) but for 4 years less now than with KBC.
Began in Feb so whole process took ~4mths. A little longer than i thought but its the waiting that takes so long rather than your actual time. I've probably invested ~2 days of my time into the process but the banks/solicitors are very very slow. All fees covered by UB €1,500 and a little to spare for myself.
My summary. Its not simple but a bit of patience and a willingness to wait for it to sort itself out there is real savings for people to make if you can switch.. I know not everybody can switch but for those that can i would highly recommend it.
Thanks to the great advice on this website i steered away from the 2% gimmicks and only AIB/UB were ever on my radar due to the way they treat new/existing customers. Hopefully as the SVR campaign continues any rate reductions will be reflected in my new mortgage with UB, but if not i will move again...
I have another hour of work still to do... Close my KBC Current & Savings account!
I was with KBC 4.05% Variable (in current acc). Qualified for UB 3.2% Var Rate due to >250k <80% LTV. Now i'm paying a little less per month (~€50) but for 4 years less now than with KBC.
Began in Feb so whole process took ~4mths. A little longer than i thought but its the waiting that takes so long rather than your actual time. I've probably invested ~2 days of my time into the process but the banks/solicitors are very very slow. All fees covered by UB €1,500 and a little to spare for myself.
My summary. Its not simple but a bit of patience and a willingness to wait for it to sort itself out there is real savings for people to make if you can switch.. I know not everybody can switch but for those that can i would highly recommend it.
Thanks to the great advice on this website i steered away from the 2% gimmicks and only AIB/UB were ever on my radar due to the way they treat new/existing customers. Hopefully as the SVR campaign continues any rate reductions will be reflected in my new mortgage with UB, but if not i will move again...
I have another hour of work still to do... Close my KBC Current & Savings account!