I thought it might be helpful to pull this information together in a single post.
For reference purposes, the cost of switching mortgage providers (to include all legal and valuation fees and outlay plus VAT) is typically in the region of €1,500.
Bank of Ireland
Also, it would be useful to know if any mortgage brokers still offer incentives in addition to the above.
For reference purposes, the cost of switching mortgage providers (to include all legal and valuation fees and outlay plus VAT) is typically in the region of €1,500.
Bank of Ireland
- Cash back offer of 2% of mortgage value (unlimited).
- Mortgage must be drawn down between 3 June 2015 and 31 December 2015.
- Switcher loans must be drawn for at least two years with the current lender.
- BOI may seek refund of the 2% cash payment, if the mortgage is paid back within 5 years.
- Up to 90% LTV (Loan to Value) available.
- Mortgage Terms of up to 30 years (up to age 70).
- €1,500 legal fees contribution offer.
- Mortgage offer must be issued between 13 March 2015 and 11 September 2015 (which may be extended or withdrawn at the sole discretion of Ulster Bank).
- Payment will be made to the borrower's current account as a contribution to their legal fees, within two months of the mortgage drawdown.
- The amount is fixed and will not change if the legal fees are higher or lower.
- Minimum mortgage amount is €40,000 and maximum LTV is 80%.
- Offer excludes home mover mortgage where entire balance is on a historic ported product or 5yr Tracker, Further Advance, Negative Equity, Retention, Transfer of Title and Buy to Let mortgages.
- €2,000 legal fees contribution offer plus 50% discount on KBC Home Insurance for 12 months.
- €2,000 payment and discounted home insurance is available to customers who switch their mortgage to KBC between 1 July 2015 and 31 December 2015 only.
- Payment of the full amount due will be made to the customer within 30 days of the mortgage drawdown.
- If the mortgage is redeemed within 3 years of drawdown, KBC reserve the right to claw-back all or a portion of the €2,000 paid.
- If the KBC Home Insurance policy is cancelled before the first 12 months has expired, KBC reserves the right to request the customer to refund the balance of the premium.
- Offer excludes Buy to Let properties.
- €1,000 legal fees contribution offer.
- Letter of Approval must have issued between 12 January 2015 and 31 December 2015.
- The applicant must open a current account with PTSB, which has at least €1,500 paid into it or has mandated the applicant’s wages or salary (or the wages or salary of at least one of the applicants if there is more than one applicant) to be paid into that account in a sum of not less than €1,500 per month, the first such payment to be received by PTSB not later than 5 weeks from the date of issue of the loan cheque.
- Offer excludes Top-up loans, Tracker Portability loans, Buy to Let loans, Negative Equity loans and staff loans.
- No published incentives offered to mortgage switchers.
Also, it would be useful to know if any mortgage brokers still offer incentives in addition to the above.
