KBC, AIB or Ulster Bank?

I’m currently in the process of getting a Mortgage. At this particular point in time, I’m unsure of who to go with. Given the current status of the banks behaviour and the Minister's intervention which bank is more likely to discriminate between new and existing customers?

Heres what I’ve been offer in terms of rates below, I was leaning towards KBC but have read some bad review on the forum here. Would appreciate some feed back.

3.9% VAR LTV 80% with Ulster Bank (plus €1500 towards Solicitors fees)
3.8% VAR LTV 80% with AIB
3.6% VAR LTV 80% with KBC

I'm with KBC. They are grand, except my variable is 4.5% and they offer new biz 3.6.
Thats my only beef with them and why I'm looking at my options.

Thanks quietman, That's really one of my concerns, am I naive in thinking that these new rates should eventually be passed onto existing customers? I know it is not a Tracker Mortgage but still.

This thread in particular, put me off KBC http://www.askaboutmoney.com/threads/kbc-reduces-rates.194591/

Have you discussed moving your Mortgage to another bank?

Anyone else have any thoughts/experiences?

Have you considered Bank of Ireland? The 2% cash back is significant. I have started evaluating it here but have not reached a conclusion yet.

Evaluating the Bank of Ireland 2% cash back

On principle, I would avoid a variable rate with KBC as there is such discrimination between new and existing customers. Bank of Ireland also discriminates, but their fixed rates and cash back work in your favour for at least two years.

Ulster Bank is the fairest of them all. If house price increases or capital repayments bring the LTV below 60%, they will reduce the rate to 3.8% for you. Mind you, AIB is already at that rate, so maybe that does not matter.

Brendan

Thanks Brendan for the informed response. We did consider BOI however we are currently renting our apt and have a Tracker mortgage with them, we have not yet alerted them to this fact as we are hoping to sell the property shortly and don't want to loose our tracker.

If you have a tracker mortgage on a property which is your home, you will be able to move it to another property and retain the tracker for 5 years with an increased margin of 1%. I don't think it matters that you have rented out the property . But the potential saving from porting your tracker is such that it's worth the risk that they might refuse because you let it out.

Brendan

Silence69er said:

Thanks quietman, That's really one of my concerns, am I naive in thinking that these new rates should eventually be passed onto existing customers? I know it is not a Tracker Mortgage but still.

This thread in particular, put me off KBC http://www.askaboutmoney.com/threads/kbc-reduces-rates.194591/

Have you discussed moving your Mortgage to another bank?

Anyone else have any thoughts/experiences?

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I would think about sending this to KBC as they treat their existing customers so badly it is good to see the stunt they pulled last week is seen for what it is and this site is brilliant at highlighting it. If I was in a position to get a new mortgage I would only go with a bank that treats new and existing customers on a near or level footing and ignore all the marketing teasers. KBC are only offering a reduction to existing customers in their variable rate of 4.5% a pathetic 0.2 % if they move their current account to them which is a big no no for me as I would never have a current account that my salary is paid into with the same bank as my mortgage. Stay well away from them is my advice