40K left on mortgage ....worth switching?

Brendan Burgess

Founder
Messages
37,868
You could try KBC. They pay €3k to switchers. Not sure if there is a minimum amount.

AIB pays €1,500 and this would cover your legal costs.

Brendan
 

RedOnion

Frequent Poster
Messages
3,132
Why not fix with BOI at a better rate? Immediate savings.
If switching, UB, KBC & AIB all pay a fixed amount which is enough to cover your legal fees, and all have better rates. But they also have a minimum mortgage amount. I haven't seen small switches in practice - their T&C's say 40 or 50k, but I've heard some banks won't look at anything less than 75k.
 

bitethebullet

Registered User
Messages
12
Id be scared they'd hit me with a penalty if i switched to a fixed rate as i hope to pay the mortgage off earlish ...say in the next few years
 

HollowKnight

Frequent Poster
Messages
134
You didn't say how long you have left on your current mortgage (I guessed 5 years) but I put some figures into AIB's website (they give €2000 to switch).

And as it's their variable rate, you can still overpay.
Annotation 2019-06-16 112455.png
 

bitethebullet

Registered User
Messages
12
OK thanks for the replies ....I've requested the lower fixed rate. So i presume after the 3 years or so are up i will just revert back to the std variable rate?
 
Top