Will there be any obligation for BOI to provide the 0.2% discount?Well they pay brokers 1% for getting them business at market rates.
They will be paying 103.6% for tracker mortgages yielding a lot less.
And they will be buying fixed rate mortgages which are fixed at rates much lower than BoI charges.
And I would guess that KBC customers are more mobile - more likely to move on when the fixed rate ends.
Brendan