AIB versus BOI mortgage Q

[jj1221]

Hi,

Currently I have a letter of offer ready to sign with AIB at the green fixed interest rate of 3.75%.

Handover of new build due March 29th.

I have applied for BOI green rate at 3.20% and have received AIP. I am awaiting an updated employers salary certificate to complete letter of offer application.

Looking for some advice here. Should I continue to wait on getting BOI letter of offer hoping for that 3.2% rate? I do hear reports of BOI taking a long time in the process. Or do I just sign on the dotted line with the 3.75% rate with AIB?

Thanks!

 

[MelF]

Are you about to sign contracts? You have thirty days to sign and return the letter of offer from either lender, so if you're not under time pressure, no harm in waiting to see if BOI come back with the better rate in the meantime.