Thank you
Yes the Haven website has a 3-year fixed rate for new business at 4.2% but has 4.8% for existing business. AIB 3 Year Fixed Rate is 4.8%
In my case going with Haven works out about €100 per month difference so that is about €3,600 in the 3 years so very attractive.
Currently Haven loan to value rate >50%<=80% is 4.49% which I believe would be the bucket I would fall into post fixing for 3 years.
Versus the AIB advertised rate loan to value rate >50%<=80% of 4.29% (I know that these rates will change over the next 3 years)
Reverting to 0.2% higher rate with Haven for the remaining term will cost me an extra €7,000 approx. over the remaining 22 years
So on the face of it continuing with AIB seems to be the way to go.
On a side note:
I approached AIB on the basis of the tracker mover product but after reviewing the figures with them, agreed that there was room for me to keep existing house and purchase the new property also. After some confusion in respect to the interest rate to be applied to the new house (Original position was that they could only offer me the investor rate on the new house) and the status of the tracker, they have confirmed in writing that I can keep the current tracker on the existing house and they will offer me owner occupier rates on the new house.