Our solicitor seemed intrigued about it all, but seems happy to oblige. Tis money is his pocket every move I make.I'm trying to champion switching to friends and family. Even our solicitorbut most people's eyes just glaze over. A lot of folk don't even know what rate they are on.
Back on topic...They argue that the combination of information asymmetries and information failures, plus uninformed consumers, plus skilled marketers in banks, leads to customers choosing more expensive mortgages.
I have switched 3 times in the last 6 months because of cashbacks and received €18,000 so far €6000 x 3 times. Its the best thing i have done in a long time. Where else would you get €18000 from the banks for nothing?
Well done. Can you give more details? How much is your mortgage and which banks did you switch from and to?I have switched 3 times in the last 6 months because of cashbacks and received €18,000 so far €6000 x 3 times. Its the best thing i have done in a long time. Where else would you get €18000 from the banks for nothing?
Hi Sean Og,
I'm not familiar with mortgage switching rules, etc. Does the bank not have any way of controlling against "sensible shoppers" like yourself? Do the banks not ask questions like when did you buy the property and how long are you with your current mortgage provider, etc.?
Well done. Can you give more details? How much is your mortgage and which banks did you switch from and to?
The reason I asked the question is that it seemed to me that it would be very easy for the bank to control. One additional undertaking from the solicitor (that the client has not switched the mortgage on the specific property in the last x months) would sort it.
in the same way that clawback on cash back was made illegal an undertaking like the above would amount to the same thing.
Apples and oranges! Let's see what a legal eagle thinks!
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