Hi everyone,
I'm looking for some advice re provider mortgage rates for a 75% LTV. We're hoping to start overpaying from month 1 so fixed route isn't really an option. BoI for example only allow you to overpay by 65euro a month when on a fixed rate.
So the options are far as I can tell are KBC, BoI and AIB.
KBC are offering the .2% reduction if you have a current account which would mean a rate of 3.45%. Thing is though, I'm currently with KBC and my rate is the standard 4.5% so I'm wondering just how long does that 3.45% last and you're moved from a new customer rate to an existing customer one? It's hard to find out that information and even the KBC mortgage team can't seem to give a clear answer. What have other people's experiences been with starting a mortgage on the 3.65%(or 3.45% with current account). How long has the low rate lasted?
The svr rate for BoI is 4.2% which is on the high side comparatively speaking but granted you do get 2% back but are locked in for 5 years. Some others on the forum have had customer service "issues" with BoI too so that's not overly appealing to be honest, who needs that hassle?
The AIB rate is an interesting one, I've never considered AIB as a viable option given that they're constantly in the news for overcharging customers and have suffered gross mismanagement. Still, they can offer a rate of 3.55% and from what I've seen that's not an introductory rate. I'm going to give them a call and arrange a meeting with them tomorrow to see exactly what the story is. Again, has anyone had experience opening up a mortgage with them at this low rate?
Cheers!!
I'm looking for some advice re provider mortgage rates for a 75% LTV. We're hoping to start overpaying from month 1 so fixed route isn't really an option. BoI for example only allow you to overpay by 65euro a month when on a fixed rate.
So the options are far as I can tell are KBC, BoI and AIB.
KBC are offering the .2% reduction if you have a current account which would mean a rate of 3.45%. Thing is though, I'm currently with KBC and my rate is the standard 4.5% so I'm wondering just how long does that 3.45% last and you're moved from a new customer rate to an existing customer one? It's hard to find out that information and even the KBC mortgage team can't seem to give a clear answer. What have other people's experiences been with starting a mortgage on the 3.65%(or 3.45% with current account). How long has the low rate lasted?
The svr rate for BoI is 4.2% which is on the high side comparatively speaking but granted you do get 2% back but are locked in for 5 years. Some others on the forum have had customer service "issues" with BoI too so that's not overly appealing to be honest, who needs that hassle?
The AIB rate is an interesting one, I've never considered AIB as a viable option given that they're constantly in the news for overcharging customers and have suffered gross mismanagement. Still, they can offer a rate of 3.55% and from what I've seen that's not an introductory rate. I'm going to give them a call and arrange a meeting with them tomorrow to see exactly what the story is. Again, has anyone had experience opening up a mortgage with them at this low rate?
Cheers!!