Janeymcjaneface
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Consider posting your mortgage details in the switcher thread (in the format shown in the first post). I'll estimate the savings you would make from switching to different BOI rates (or to another lender if you want to go that route).Our current mortgage is with BOI, part on tracker and part on fixed rate and we are looking to fix the lot at a reasonable rate. We applied with Avant first but the rates were increased and the best available rate is now with BOI but only for new customers. It seems absolutely bizarre to me that BOI would rather lose us as customers (along with thousands of euro in interest) than switch us to the new customer rate but our broker is telling us they won’t budge. So I’m just checking whether anyone can confirm that our broker is correct before we move to Haven/AIB. Just seems like complete nonsense!
Madness! I’d switch now just because it’s annoying me so much!I think they are hoping people will find it too much hassle to switch. I switched to AIB from BofI recently, for the same reason.
I have a BoI mortgage which has been on successive one- and two-year fixed rates for a few years.We applied with Avant first but the rates were increased and the best available rate is now with BOI but only for new customers.
Just for anyone else who is reading, 10bps is 0.1%. Better than nothing but way less of a saving than you would usually make from switching to another lender.I've tried three times to negotiate a better rate than advertised by calling them up. For sure once they refused me, the second time I got 10bps and I think the third time I got 10bps as well.
Thanks!Just for anyone else who is reading, 10bps is 0.1%. Better than nothing but way less of a saving than you would usually make from switching to another lender.
In any case, it seems that Bank of Ireland stopped offering these 0.1% rate reductions about a month ago.
That's dreadful. At this point you might want to consider re-fixing with Ulster Bank (which is quick to do) or starting the switch to another lender (which you can abandon if Haven give you a realistic ETA for drawdown).This is why I’m reluctant to go with BOI 1.90% as when the 4 years is up I will need to switch again. Our application has been with Haven since May and still nothing from them. Broker said they’re not taking calls and any queries should be I. Writing with a 10 day response time. We got our mortgage application much quicker 4 years ago.
Yeah it’s Haven that has the best option for us too but hard to know if we will get the new offer before rates go up again..This is why I’m reluctant to go with BOI 1.90% as when the 4 years is up I will need to switch again. Our application has been with Haven since May and still nothing from them. Broker said they’re not taking calls and any queries should be I. Writing with a 10 day response time. We got our mortgage application much quicker 4 years ago.
Our broker started a new application with BOI early July so hoping to hear back from them latest next week. BOI 1.9% is for LTV 61-80% and we’re at 61%. I am so disappointed with Haven, wish I had gone with AIB but I can’t bear the thought of starting all over again.That's dreadful. At this point you might want to consider re-fixing with Ulster Bank (which is quick to do) or starting the switch to another lender (which you can abandon if Haven give you a realistic ETA for drawdown).
There’s speculation that rates are going up soon, I’m hoping we get a response before the rates go up.Yeah it’s Haven that has the best option for us too but hard to know if we will get the new offer before rates go up again..
I found AIB’s mortgage portal so easy to use. Only for my own error regarding life assurance, we would have had it over the line very quickly.Our broker started a new application with BOI early July so hoping to hear back from them latest next week. BOI 1.9% is for LTV 61-80% and we’re at 61%. I am so disappointed with Haven, wish I had gone with AIB but I can’t bear the thought of starting all over again.
Our broker started a new application with BOI early July so hoping to hear back from them latest next week. BOI 1.9% is for LTV 61-80% and we’re at 61%. I am so disappointed with Haven, wish I had gone with AIB but I can’t bear the thought of starting all over again.
@redwellies While I agree that AIB's "My Mortgage" online portal is very good, I and others found the switching process very slow (3 months or more). When did you start the process and how long did it take (start to finish)?I found AIB’s mortgage portal so easy to use. Only for my own error regarding life assurance, we would have had it over the line very quickly.
See here.Has anybody tried to play bluff with BOI for a rate reduction for existing customers.
That's big...was it on the one year? In January 2022 I got them down from the advertised 3.0% to 2.9% but they wouldn't go further.I got a 0.3% discount from BOI in March 2022 (2.9% to 2.6%). T
I'm tempted to do same but will leave it be. My baseline assumption is that rates will rise but there is recession in 2023 and/or energy price increases unwind then I think policy rates could fall back again.They are no longer doing this, as I recently broke out and fixed for 5 years at 3.0%.
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