First Time Buyers

Hi everyone, hoping to get some advice. We are first time buyers and
are currently sale agreed on a house with our mortgage approved with BoI. We signed our letter of offer and dropped it back into the bank last Thursday. We are awaiting the next stage of valuation etc.

My question is with everything that is going on lately, are we mad getting our mortgage with BOI? Are we too late to go looking into other banks? Should we just continue with BoI? Also we have taken 1 year fixed at 3.8% Was this the right thing to do. We are pretty confused with everything and just feel completely out of our depth

Never too late to shop around. Mortgage applications can be processed quite quickly, and once you have the documentation gathered it should be easy enough to get alternative options. There are 1Yr fixed rate offers at 3.5% elsewhere and after the initial fixed period you will revert to SVR iwhich BOI offer at 4.5%, which is amongst higher rates in market. It is always important to get advice so don't enter into final decision unltil you have looked around. There are 6 main mortgage prividers and depending on your employment status, disposable income, and credit history, they will all be delighted to get new customers.

The only pain is gathering all the documentation again!