Yes, the "new customer rates" are for a high-value mortgage (balance of €250k or higher) and any of the "green" rates (a 0.3% discount for properties with a BER of B3 or better).
None of these rates are available to existing customers.
Yes, the "new customer rates" are for a high-value mortgage (balance of €250k or higher) and any of the "green" rates (a 0.3% discount for properties with a BER of B3 or better).What are new customer rates? If I look on the website, I was offered the same rate as a new customer. Is this because the rate is theoretically lower due to cashback offer for new customers?
My only frustration is that they wouldn't switch me to a HVM which has lower rates.
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.
My guess is that if it's impossible to negotiate the advertised rate then it's a sign that margins are tighter and advertised rates are more likely to rise in the near term.
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.
Yes, the "new customer rates" are for a high-value mortgage (balance of €250k or higher) and any of the "green" rates (a 0.3% discount for properties with a BER of B3 or better).
None of these rates are available to existing customers.
I was led to believe that if I took out a HVM initially then I would be able to continue to get those rates at the end of the fixed period.
Is that 100% accurate? I was led to believe that if I took out a HVM initially then I would be able to continue to get those rates at the end of the fixed period.
- The High Value Mortgage fixed interest rates are available to you if you:
- are buying or building a property to live in as your home or are switching your mortgage loan to the Bank of Ireland Group from another mortgage lender outside our Group, AND
- are borrowing €250,000 or more, AND
- draw down your new mortgage loan prior to 31 December 2023.
are you certain the HVM rates only last for the initial fixed period?
Except their mortgage advisors saying they do..... I am sorry if that is not good news for your campaign......There is no evidence that they do apply.
There are plenty of threads on this site of customers being told things by staff that aren't true.Except their mortgage advisors saying they do.....
It would be fantastic news all round if BOI offered their high-value mortgage rates to existing customers but it's almost certain that they don't.I am sorry if that is not good news for your campaign......
I am sorry if that is not good news for your campaign......
It would be fantastic news all round if BOI offered their high-value mortgage rates to existing customers but it's almost certain that they don't.
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