Hi All,
I'm genuinely in two minds about wether to switch now or wait to see if Michael Noonan does anything for us in September.
I think I could get my LTV down to 60% depending on a valuation.
Currently paying 4.35% with BOI.
What would you do?
I was hoping the government might grow a back bone, and get them all to give a fair variable rate, with none of these fixed rate gimmicks.The Government position seems to be that the banks 'have moved' on this issue and it would seem unlikely that anything is going to be done on it after the summer break. Are you thinking it would be a budgetary adjustment?
Yes very good point, no time to lose then. Now to just select the right lender.I'd start the switching process now (assuming you don't want to move to a fixed rate with BOI).
It took another poster four months to complete his switch to KBC - it won't happen overnight!
Currently paying 4.35% with BOI.
Bank of Ireland is cutting variable rates for existing customers who threaten to
move.
BoI cut my SVR when I told them I was moving to KBC
So the first thing you should do is to tell them you are moving and see what happens. That should only be a phone call.
And, of course, you can still switch if it's still worthwhile.
I called BOI the other day threatening to switch. I'm playing 4.25 % variable. I have around a 70% LTV .
She tried offering me a switch to a fixed rate. Told her I wasn't interested . I then said I had a KBC approval at 3.6 if I moved my account. I said I had no problem leaving them and I would close my account current a/c and my wife's if they do not reduce our rate.
She took my mob number and told me she would pass this information on and I should hear back in 10 days.
She took my mob number and told me she would pass this information on and I should hear back in 10 days.
I called BOI the other day threatening to switch. I'm playing 4.25 % variable. I have around a 70% LTV .
She tried offering me a switch to a fixed rate. Told her I wasn't interested . I then said I had a KBC approval at 3.6 if I moved my account. I said I had no problem leaving them and I would close my account current a/c and my wife's if they do not reduce our rate.
She took my mob number and told me she would pass this information on and I should hear back in 10 days.
Please do keep us up to date on wether they get back to you or not.
So I got a return call today. They won't reduce my SVR . They came back with an offer of 3.6 fixed for two or 3 years . It's just like the letter they sent out.