is there a minimum time you must stay with boi.
gnf reported in this thread that he was refused by BoI
Brendan
For many people, like me, to regret fixing it to 2 years at 3.8%, would really take for SVR to go down around the 2.5%. I honestly do not see variable rates in Ireland going to that level this year or even next purely because there is no competition.Well if the publicity over the last week or so results in the variable rates being cut further, you will regret having fixed at 3.8%.
For many people, like me, to regret fixing it to 2 years at 3.8%, would really take for SVR to go down around the 2.5%.
Hi Gaelgo
Can you show us the calculations which result in that outcome?
Brendan
2)If you are switching to another lender to get a better variable rate, should you do so now or wait for a few weeks? I think I would switch out of Bank of Ireland. They are very unlikely to be competitive. They are very unlikely to pass cuts onto existing customers. So probably start that process now.
BOI offered us a two year fixed of 3.8% also, but we told them we did not want to fix under any circumstances, so they then reduced us from 4.3% to 3.9% variable. We went through a broker, it has taken us 4-6 wks so far as I believe KBC understandably have a backlog, but we now have the loan offer letter and expect to be moved to KBC by the end of this month.Just to say rang boi and they offered us 3.8 per cent fixed for 2 years. We are currently 4.3% svr.
Going to get the ball rolling with kbc. How long does approval usually take?
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