David Costigan
Registered User
- Messages
- 2
Hi
My wife and I currently have mortgage approval from KBC and EBS. We have a deposit down on a new build costing €330k.
KBC
We have approval from KBC for €264k (LTV at 80%) at a rate of 2.99% fixed for 3 years. Total term is 29 years. Monthly repayments of €1,135.35
EBC
We have approval from EBS for €276k (LTV of 83% approx) at a rate of 3.7% variable . Total term is 26 years. Monthly repayments of €1,378.57. EBS offer €5k cashback
In both cases the fixed / variable rates are not set in stone until drawdown
The pros and cons are
- KBC are cheaper per month but higher deposit needed
- EBS offer €5k cashback and I need €12k less deposit upfront but more expensive per month and total interest over the lifetime of the mortgage is a lot higher
In general my dealings with EBS have been far better, KBC have been a nightmare to deal with and also the posts on askaboutmoney seem to favour EBS (as KBC don't always pass on interest rate cuts to existing customers etc)
I'm looking for advise on which bank to go with. Does anyone have any advise
thanks
David
My wife and I currently have mortgage approval from KBC and EBS. We have a deposit down on a new build costing €330k.
KBC
We have approval from KBC for €264k (LTV at 80%) at a rate of 2.99% fixed for 3 years. Total term is 29 years. Monthly repayments of €1,135.35
EBC
We have approval from EBS for €276k (LTV of 83% approx) at a rate of 3.7% variable . Total term is 26 years. Monthly repayments of €1,378.57. EBS offer €5k cashback
In both cases the fixed / variable rates are not set in stone until drawdown
The pros and cons are
- KBC are cheaper per month but higher deposit needed
- EBS offer €5k cashback and I need €12k less deposit upfront but more expensive per month and total interest over the lifetime of the mortgage is a lot higher
In general my dealings with EBS have been far better, KBC have been a nightmare to deal with and also the posts on askaboutmoney seem to favour EBS (as KBC don't always pass on interest rate cuts to existing customers etc)
I'm looking for advise on which bank to go with. Does anyone have any advise
thanks
David