gnf_ireland
Registered User
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Group 1 - these group need to act. How to get them to act is the million dollar question, but the more that do may at least help in the short term
Also, who should you switch too?
BOI – lock you in for 5 years
PTSB – lock you in for 3? I could be wrong
AIB/EBS – don’t pay for fees
UB – only viable if you borrow > 250k and 3.5 times salary
KBC- don't pass on rates
So? Is there a better way? I was just posting what I did. Happy to hear if there's a more reliable way.The vast majority of people won’t create a spreadsheet and work this out for a 5 year period.
2. Those who cannot move as they don't qualify for lending under the new Central Bank rules
So? Is there a better way? I was just posting what I did. Happy to hear if there's a more reliable way.
The new Central Bank rules don't apply to switchers.
12/13/14/15 – Can these people switch? Probably not due to the central bank rules, if you took out a 90% mortgage for 30 years it will take about 5.5 years to reduce to 80%
I think you are wrong there... UB made sure I complied with the central bank rules when I switched...
No I'm not wrong. See point 10 [broken link removed].
So what does that mean? The CB are not requiring switchers to comply with LTI and LTV limits but each bank would have its own standards for what they require in order to accept a switcher? Potentially a bank could accept a switcher with an LTV above 80% if it chose to? Anyone know of any banks doing that?No I'm not wrong. See point 10 [broken link removed].
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