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Hi Paul, I received an "Early Redemption (Breakage) Charge" of 1233.88 from Ulster Bank dated 5th April (today). This was calculated based on the details below. Does this look right to you? Interestingly I also received the exact same figure on a redemption statement dated 21/03/22, though this...

Thanks everyone for your replies, all makes sense.

Hi, We are in the process of switching our mortgage from UB and have just received AIP from Avant. We have a rough idea of what the best option might be for us but would be interested in getting other peoples views in case there is anything we haven't considered. Some details are - Currently...

Hi Red, Will current events have an effect on these interbank rates? Personally speaking I fixed for 4+ years in June 2018, €458k @ 2.6%, around €430k remaining, fixed term ends Sept 2022. Any relatively recent break fee I have received has been around €5k. My limited understanding is that in...

Situation is the deceased left a straightforward, valid will where his wife is both executor and sole beneficiary. It was discovered after all other matters were dealt with and successfully finalised without the need for a grant of probate, that a grant was required for one item, namely an...

Hi Red, Many thanks for your prompt reply, it’s much appreciated. Yes over 4 years it would likely make sense. With just 2 though I’d be at the mercy of whatever rates are on offer at that time, versus having 2.6% locked in until Sep 2022, crystal ball stuff I know. Would likely have taken the...

Hi Red, You might take a look at these figures please - Lender: Ulster Bank Total amount borrowed: €458,000 Amount of mortgage balance outstanding: €458,000 Date you fixed: June 2018 Period for which you fixed: 4 Years (Sep 2022) Fixed rate: 2.6% Term left: 49/50 months Received letter today...

Just off the phone with PTSB. Guy I spoke with said you have to be with current lender for 12 months before they will consider you for a switch.

Hi Tom, Same experience in attempting to switch from EBS to BOI. Not long with EBS having switched from UB. Intending to speak to AIB, KBC & UB again in the coming weeks. GN

Hi Tommy, I'm interested in you having switched three times. From this I take it that none of the banks you switched too had any issue with the length of time you were with the previous bank? For instance when asked for 6 months mortgage statements, did these statements span 2 banks in some...

Thanks Brendan, this is useful. I'd agree with RedOnion re 500k and might also add 400k. Assuming 80% LTV's this would then cover house values of €625k, €500k, €375k, €250k and €125k. I believe EBS will be moving on their fixed rates soon, more information on this may be known towards the end...

Thanks Monbretia, that answers that then! So any potential future lenders view on how long you've been with current lender or even how many times you've previously switched is a factor, particularly if you've been with current lender for < 2 years.

Thanks Monbretia. Possibly a stupid question but is an ICB standard practice by all banks when evaluating a potential new customer, switcher or otherwise?

Hi Dunnepaj, I'm currently undertaking a switch based on similar logic, in my case I'm actually moving from a lower rate to a higher rate to avail of the 2% cashback. The only risks I can see are 1.) as you've stated if a new lender won't approve you for what you need due to a change of...

Thank you for your reply Brendan, that was more or less my thinking on it also.

Purchased our home (FTB's, new house purchase) in September 2014, went with KBC on the basis that they had the best rate at that time for us, LTV 80% rate 3.79%. Didn't grasp the whole new/existing customer policy with KBC at that time hence went with them, otherwise would have went with AIB who...

Thank you Brendan for all your efforts with the FMRC. Re EBS, do they pass on any rate reductions to existing customers? Edit - Considering this from the scenario whereby you qualify for and take out a mortgage with EBS today, but if/when you subsequently look to switch to a lower rate...

All 3 apartment blocks in Bracken Park are sold and would hazard a guess that they all sold within 2/3 weeks of launching with waiting lists being formed for the next block after each block was sold. P.S. Excellent post Niall Jordan. It's important people deal with facts and not hearsay when...

With their previous variant of this product the 3.5 LTI, though stated as criteria, only applied to new mortgages and not switchers as per CB rules, hence assuming nothing has changed there. But theoretically now you could get this if your one of the customers they give a new mortgage to who is...

A point here for existing UB mortgage customers on their "Loyalty" products is previously you did not need to have your salary mandated, but just to have an UB current account. They've also reduced the amount required to be borrowed from 250k to 200k. So while reducing the rate they've also...