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Thank you Brendan, the anomoly regarding overpaying the mortgage to reduce the neg equity is a position I found myself in. I overpaid about €50,000 in lumpsums in the last few years to reduce our negative equity. We now find that we have equity but have a much smaller deposit to put towards the...

No worries, Brendan. I didn't read it as being pompous at all. I feel embarrassingly clueless about this stuff. Your help is very much appreciated. It gives me options to work with.

Thanks Brendan, I'll keep it in mind as an option. Unfortunately the words "of course" don't apply to my terribly poor knowledge of insurance products(!)

Just a thought: Other comments on this board have suggested reassigning my current policy to the new mortgage bank, or alternatively reassigning any other policy I may hold. My current policy is too low for the mortgage I hope to get. I don't hold any other policy at the minute. However...

Monbrieta, the amount on the existing policy (reducing cover) is less than €115k. This is lower than the value of the new property (approx €300k)

Hi Steven, I know the Income Continuance Policy refusal could have been appealed and a request made to specify the exact medical grounds. However, the appeal could only be done by the GP who provided the medical history. And that GP refused to "get involved in your paperwork" and advised to...

Using the same policy is likely to be possible in a switching scenario. A comment by Brendan a little while ago re the difficulties people "might" encounter when switching mortgage & reassigning a policy made my mind fastforward to a "what would happen when taking out a new mortgage and policy"...

This has been touched on a little in threads regarding switching mortgage provider. It has been mentioned that a potential barrier to switching mortgage provider can be a doubt over whether life cover will be attainable if health circumstances have changed in recent years. If a persons health...

Thanks for the reply. I had thought that he would automatically own half of the property since we are married. I have no objection to putting his name on the property, just wasn't clear if it was simply unnecessary (as I had presumed he already owned half by marriage).

As mentioned in my previous comments, I hope to switch my mortgage from EBS to AIB in the near future. I now have most of the supporting documents I need to submit. This will be a joint application with my husband. There is one additional issue I'm unclear on, and my solicitor hasn't advised...

Most likely you would not be allowed to make an overpayment if you opt for a fixed rate. Of course you could save the €90 difference each month and make a lump overpayment of this at the end of the fixed period. Edited to add: From the Bank of Ireland website FAQ's on whether you can overpay on...

Brendan, can I ask on what grounds they could refuse to allow switching from EBS to AIB? They seem to be operating as two separate banks for the purposes of mortgage rates, so why would they see it as one entity when switching is involved? I've spoken to AIB 3 times and to EBS twice, stating...

It will take approx. 2 weeks to get a new digital cert if you go through the process yourself online. However, if you contact you local tax district a ROS liaison officer there can fast-track it for you. Most districts have someone who can do this - the people I've known are usually in the...

Not sure how you would design a system to protect those who can't switch. But to add to Newirishman's reasons for not being able to switch:- having equity but not enough equity to switch. On a 1bed apartment banks won't accept a new or switcher mortgage were the LTV is greater than 75%.

@Nordkapp: I'm talking with AIB about switching to them. They said the new CB rules are not applied to switchers, and the 3.5 Loan to Income isn't taken into account either. They said they will need us to have a disposable income of €2,050 after mortgage payment, childcare costs, maintenance...

AIB rang me back yesterday to answer some of my questions. The guy said that the €2000 contribution has no locked-in period attached to it unlike other named banks. I have an estate agent coming out to do a valuation next week (need an LTV of 75% or less to qualify to switch) and have located...

If/when I get approval from another bank I will switch just to get away from EBS's paltry offerings of reductions (only when they are forced to). I've such a bee in my bonnet that I think I would switch just to make the point that dragging their heels & overcharging will lose them customers. I...

If they reduce the SVR, are they likely to reduce the LTV rate too?

@inaquandert, why would they stop a person from switching from EBS to AIB? Have you heard of this happening?

@Sarenco, I'll be back with an update when/if I go ahead with the switching process.