All it takes is a phone call to their bank and they could reduce this rate to 2.9% which would save them €3,200 a year – enough in one year to pay their bank charges for 30 years.
Would PTSB do the same??In fact it's more like 2.8%! I called Bank of Ireland a few weeks back and they will give a 0.1pp reduction on all rates on request. Maybe more if you threaten to switch.
That request will save most people more than they pay in bank charges.
While it was certainly worth the phonecall, my guess is that you'd get a notably cheaper rate if you moved lender. I know in most cases, the borrower would, but appreciate that we don't know your specifics etc.In fact it's more like 2.8%! I called Bank of Ireland a few weeks back and they will give a 0.1pp reduction on all rates on request. Maybe more if you threaten to switch.
That request will save most people more than they pay in bank charges.
I agree, BoI are very expensive but for various reasons I can't switch.While it was certainly worth the phonecall, my guess is that you'd get a notably cheaper rate of you moved lender.
Would PTSB do the same??
Why not phone and ask?Would PTSB do the same??
When you are coming to the end of your fixed-rate term they will send you options to fix again (or go on the variable).I assumed that when you ring them they wont tell you what your entitled to as they are all about profit.
Hi, i dont want to wait until the end of the fixed rate because i might not be able to switch providers as circumstances will hopefully have changed. Planning to start a family.When you are coming to the end of your fixed-rate term they will send you options to fix again (or go on the variable).
You can ask them for a better offer.
In fact it's more like 2.8%! I called Bank of Ireland a few weeks back and they will give a 0.1pp reduction on all rates on request. Maybe more if you threaten to switch.
That request will save most people more than they pay in bank charges.
They quoted me Zero break fee.Get a quote to break out of your fixed rate now (most likely, with another lender) - and see if you can switch to a better rate. You may well save a lot of money, despite the cost of breaking out of the fixed rate early.
The propertys that have sold for x amount have not gone up on the property price register yet so the valuer wont have that info when valuing mine so waiting on that. Best buys tables? Whats that?That's great - I assume you've since had a look at the best buy tables and started the application process with your new lender, so
Thanks, ya i will be sure to tell and inform the valuer what i want it to be to try get it below 70% or 69.999999% ha.A Banks panel valuer should speak with local estate agents, not just look at the property price register. There's nothing to stop you telling them about recent sales of specific properties in your area, and asking them to use them as reference points, or comparisons.
There are various websites which show comparison tables, to illustrate the best mortgage deals - in fact, I think there may even be a table here on Askaboutmoney.com
In my experience they are extremely conservative as they are relying on the bank for repeat business, not you.Thanks, ya i will be sure to tell and inform the valuer what i want it to be to try get it below 70% or 69.999999% ha.
While you are right about valuers having their first loyalty to the lender, there's usually a very good reason when they stray away from the expected market value of the property. Did you ask them what our was ? Challenge them on it, if you disagreed? Get a second valuation from another panel valuer, to confirm or help dispute the initial finding?
In fact it's more like 2.8%! I called Bank of Ireland a few weeks back and they will give a 0.1pp reduction on all rates on request. Maybe more if you threaten to switch.
That request will save most people more than they pay in bank charges.
This. I was coming to the end of a fixed term.Or will I need to start a new fixed term with them on the new rate?
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