BOI - SVR with >25% deposit

Hi

Long time reader first time poster!

I am in the process of getting a mortgage from BOI. We have deposit over 25%. The rates on offer are

1. 4% fixed for 1 year and then on to SVR of 4.5%
2. 4.3% SVR on the basis that the LTV is less than 75%.

The 4.3% seems the obvious choice if it stays that way over a number of years. Obviously there are no guarantees that it wont be increased to par with the normal SVR after a year.

Is there anyone who has considered this previously or could offer guidance?

Thanks

Hi Kevh, just in the process of getting a boi mortgage. I'm nearly ready to drawdown and have opted for the svr. With the rate drop today from aib I hope we should see something from boi in the near future. If the entire process was not such an ordeal I think I would switch to aib now for the better rate. I'm hoping in the long run boi will be about the same rate wise

Thanks.

Yeah, I think I will opt for option 2 @ 4.3%. I am hoping BOI maintain a gap between for the next few years between the Standard SVR and SVR for people with over 25% deposit.

Have to say, BOI have been useless at explaining the different rates on offer. Have not been happy with them all round.

The 1% offer is nice though.