Finance Ireland discriminates between new and existing customers

Brendan Burgess

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I was just checking the Finance Ireland rates for a buy to let investment. A friend of mine says that he is paying them 5%.

Here are the rates on their website

4728

That is a huge difference. 1% point for <60% LTV. In other words, an existing customer is paying 26% more than a new customer.

I presume that they exploit the new customers as soon as they become existing customers.

They don't seem to have fixed rates for buy to lets.

Brendan
 
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