Hi I just thought I'd post my experience in case it would be of use to anyone else.
We took out a variable rate mortgage with BOI in 2014 LTV 90% and APR 4.5 %. We also availed of the 1% stamp duty cashback offer.
I looked into switching before now for a better rate but I was afraid BOI would try and clawback the stamp duty cashback however from following the posts here I realised this was unlikely.
So I looked into switching recently, and the best offer was from AIB who were willing to give me a variable rate mortgage with APR of 3.5 % and 2000 euro towards legal fees.
Before I proceeded with AIB I rang BOI mortgages in Dublin to verify the outstanding balance on the mortgage and the remaining term both of which I wasn't sure of. While on the phone the agent asked why I was checking these details and I told I was going to switch AIB who had offered me an APR of 3.5% the BOI agent asked could she check to see what they could do for me and ring me back. I said fine not really expecting anything. By the way our current LTV based on her figures is 87%.
Five minutes later I got a call saying the lowest rate they could offer me was variable rate mortgage with APR of 3.3%!!! Which I accepted and the official paperwork has since come through confirming this. So it took 2 phone calls to drop our APR by 1.2%.
We took out a variable rate mortgage with BOI in 2014 LTV 90% and APR 4.5 %. We also availed of the 1% stamp duty cashback offer.
I looked into switching before now for a better rate but I was afraid BOI would try and clawback the stamp duty cashback however from following the posts here I realised this was unlikely.
So I looked into switching recently, and the best offer was from AIB who were willing to give me a variable rate mortgage with APR of 3.5 % and 2000 euro towards legal fees.
Before I proceeded with AIB I rang BOI mortgages in Dublin to verify the outstanding balance on the mortgage and the remaining term both of which I wasn't sure of. While on the phone the agent asked why I was checking these details and I told I was going to switch AIB who had offered me an APR of 3.5% the BOI agent asked could she check to see what they could do for me and ring me back. I said fine not really expecting anything. By the way our current LTV based on her figures is 87%.
Five minutes later I got a call saying the lowest rate they could offer me was variable rate mortgage with APR of 3.3%!!! Which I accepted and the official paperwork has since come through confirming this. So it took 2 phone calls to drop our APR by 1.2%.
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