With respect, it's far from a 'no brainer'.If switching once then Avant is your only sensible choice. 1.95% is a no brainer.
Bank | Rate | Total Interest 3 years |
KBC | 2.25% | 10,586 |
Avant | 1.95% | 9,157 |
1,428 Difference |
Bank | Rate | Total Interest 5 years |
KBC | 2.4% | 17,723 |
Avant | 1.95% | 14,333 |
3,390 Difference |
The best UB rate is 2.2% over 2 years. That's 0.05% less than KBC. You save about 300 in interest, but KBC cashback is 1,500 higher.Thank you for your advice. So Ulster should not figure at all then?
Sorry, 1% of balance per annum.And with Avant no overpayments, correct?
Sorry, 1% of balance per annum.
And I repeat, it's not.I repeat, it's a no brainer that he chooses Avant.
Sorry, what bit do you not understand?Care to explain why not? I've outlined my reasons above.
I'm not ignoring anything. It's fairly simple maths. It's only for periods greater than 5 years that Avant comes out better, on current rates and without any overpayments. If the OP overpays, that period becomes longer.The bit about you ignoring the fact the poster wants to move once and once only.
You're making an assumption that Avant rates will continue to be lower than KBC over the 16 years.Well I went on the basis of what the opening poster asked advice on based on a mortgage of 170k with 16 years remaining and him only switching once in his life.
The conveyancing cost will be standard, regardless of who you switch to.and talk of €700+ for the conveyancing.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?