Changing to Avant a good idea?

W

WallPlanner

Registered User
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Hi All,

I'd really appreciate any advice on switching mortage

Currently have a mortgage with BOI. Have recently had my rate changed to 4.2% when my initial fixed contract ran out. I have €173k left on it, another 20 years, house value roughly €450-€500k so good loan to value ratio.

They have offered change to 2.9% but on bonkers there's an option of 1.95% with Avant Card fixed 7 or 3 years....

Any experience with this bank and will the transfer be a hassle/cost.....

Thank you!
 
You save about 1% a year or €1,950

The legal fees will be about €1,500 and the mortgage broker usually charges as well.

So you will recover the cost of switching in one year, and from then on, you will be ahead.

Brendan
 
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