Has anyone with an LTV of >80% tried to switch?

[Brendan Burgess]

In practice are lenders taking on switchers with LTVs up to 90%?

If you are paying 4.5% to BoI or 4.3% to Ulster Bank, you can switch to EBS and get 2% cash back and a mortgage rate of 3.7%.

Or you could switch to AIB or KBC and get 3.5%.

Most of the people who report switching seem to have much lower LTVs.

Brendan

 

[Amygdala]

We are currently in the process of switching from KBC to EBS. The motivating factor was KBCs differentiation between new and existing customers and 2% cash back from EBS and lower rate (prior).
Our application is being processed at the moment and we are hopeful.
We are 18 months into our mortgage term (90% LTV) and have been overpaying our mortgage for the last 8 months. Theoretically, with house price inflation (as per CSO index) and the home improvements we have made, we may be borderline 80%. I guess it will depend on what the banks valuer deems our house value to be.
I am surprised at how quick and easy the process has been.