Skyler White
Registered User
- Messages
- 21
There is lots of anecdotal evidence of BOI previously being able to offer a 2.8% rate.Were you talking to Head Office or a branch? Either way I doubt whoever you were talking to has the authority to bargain about the rates, in fact hardly anyone would have once they decide a suite of rates! They can only offer you something that is set up in the system normally so are unlikely to tailor make a rate for individual cases.
If the mortgage protection cover issue is not a problem, for Ulster bank.
Switch to them, you'll get 1500 towards switching, the cost of my current switch is 900.
I'm getting 2.1% for 2 years from Ulster bank
2.1% ?? Is that correct or did you mean 2.3% ?
Skyler White, just fyi I rang BOI to look for the 2.8% rate in the last week or two also. Their line was that 2.9% was the lowest rate they could offer. I said I was aware they'd offered 2.8% to other customers and that we'd switch unless they offered us the same. No budging from them as of yet. It is possible they've changed their policy on it since they reduced from 3% to 2.9%. Anyone else asked for or gotten the 2.8% recently I wonder?
That's a pity about the timing for you. Thanks for the info though.I think they may have changed their policy. I was offered 2.8% in January but my offer ran out before I could change rate (I was waiting to see if my fixed rate breakout fee would go down, but it just kept increasing). A few weeks ago I asked if they could issue me with a new offer letter and they said they weren't offering the 2.8% rate any more. So it sounds like 2.9% might be the best they'll do now.
I think they may have changed their policy. I was offered 2.8% in January but my offer ran out before I could change rate (I was waiting to see if my fixed rate breakout fee would go down, but it just kept increasing). A few weeks ago I asked if they could issue me with a new offer letter and they said they weren't offering the 2.8% rate any more. So it sounds like 2.9% might be the best they'll do now.
Too be fair is there really that big of difference between 2.8% and 2.9% anyway in the greater scheme of things
Depends on the size of your mortgage or whether you feel like giving BOI a dig out with their NIM (2.2%)!
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