Re Ulster fixed rates:
https://m.independent.ie/business/p...h-string-of-cuts-to-fixed-rates-36694516.html
https://m.independent.ie/business/p...h-string-of-cuts-to-fixed-rates-36694516.html
You may well be right.The headlines used by media nearly always imply that rates for all mortgages will reduce.
But when you get to the fine print its always for mortgages in excess of €200,000 only.
I got very confused looking at it, but then I saw a reference to rates being applicable from next week. So probably not updated yet?Has the Indo got this wrong?
Agreed, and personally don't see this floor being broken any time before the rates start to rise again...I note that’s still the floor in terms of available rates.
Agreed, and personally don't see this floor being broken any time before the rates start to rise again...
If you have a 2.5% rate with UB, I think you need a 500k mortgage to qualify for that rate. I would be sure that given that sort of mortgage you would prefer rates to stay as low as possible, unless matched by wage inflation.I don’t really mind rates rising to be honest;
The sting in the tail with Ulster has been the svr rate you switch to after your fixed-rate period ends. Their svr is 4.3% something to consider. I haven't seen anything so far too suggest they are charging this.
That's literally true but, when you take account of their cash-back offers, BOI and (in certain scenarios) KBC offer lower effective rates -Having fixed with Ulster Bank at 2.5% for 5.5 years, I note that’s still the floor in terms of available rates.
That's literally true but, when you take account of their cash-back offers, BOI and (in certain scenarios) KBC offer lower effective rates -
https://www.askaboutmoney.com/threads/fixed-rates-best-buys.204420/
As things stand, the AIB/EBS and PTSB offerings have become totally uncompetitive.
The table obviously hasn't been updated to include UB's new rates.I don't see Ulster Banks 2.5% or 2.6% fixed rates listed there. Which line maps to the 2.6%.