LDFerguson
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KBC have announced that they will pay €1,000 towards legal fees to someone who switches their mortgage (home-loan or residential investment proeprty) to them and draws down the loan before 30/4/2014. There's a 3-year clawback if you pay off the loan within 3 years. They're also offering a year's free home insurance if you draw down a home loan (owner-occupiers only) with them before 30/4/2014.
It's been a while since such offers were out there. In the days when tracker mortgages were available, these sort of offers were very attractive, as you could calculate the potential savings in repayments by switching over the full life of the loan. Now you can only calculate the potential savings with certainty over a fixed-rate period as Standard Variable Rates can be changed by KBC at any time.
That said, all competition is good competition...
It's been a while since such offers were out there. In the days when tracker mortgages were available, these sort of offers were very attractive, as you could calculate the potential savings in repayments by switching over the full life of the loan. Now you can only calculate the potential savings with certainty over a fixed-rate period as Standard Variable Rates can be changed by KBC at any time.
That said, all competition is good competition...