Because they can?First Active - Variable Rates - Why so high?
You can estimate the possible savings on offer elsewhere and then factor in switching costs to see if it's worth it. See Karl Jeacle's mortgage calculator.At those rates surely it would be wiser for me to move to a new bank?
Because they can?
You can estimate the possible savings on offer elsewhere and then factor in switching costs to see if it's worth it. See Karl Jeacle's mortgage calculator.
If this were the case then some people would accuse the banks of operating a cartel.I suppose i expected the banks to be much closer in APR terms, as surely they would want to retain or attract business.
Yes - but get a more accurate idea of the remortgaging costs rather than assuming €1K.So - reading between the lines, i will actively look for a better deal and weigh in the cost of switching ( approx €1,000?? ) before making a decision.
There will be no penalty if you are on a variable/tracker rate and switch to another lender.As my decision date is coming up at end of month can i switch at any point thereafter as the process may not be complete before the end of my fixed period?
I have a mortgage with FA. Coming to the end of my fixed period. I would like to move to a tracker/variable rate mortgage with the option to put lump sums in from time to time. However, from looking at the rates on [broken link removed] they seem very uncompetitive ( eg Lowest tracker @ 6.6% Vs AIB @ 5.1%)
Am i missing something ? At those rates surely it would be wiser for me to move to a new bank?
Any advise would be appreciated.
I have a mortgage with FA. Coming to the end of my fixed period. I would like to move to a tracker/variable rate mortgage with the option to put lump sums in from time to time. However, from looking at the rates on [broken link removed] they seem very uncompetitive ( eg Lowest tracker @ 6.6% Vs AIB @ 5.1%)
Am i missing something ? At those rates surely it would be wiser for me to move to a new bank?
Any advise would be appreciated.
A spokeswoman for First Active denied the lender was exploiting trapped first-time buyers.
She added: "First Active customers who roll off a fixed rate and do not choose another product will automatically default in to a standard tracker rate at ECB plus 1.15pc, currently a rate of 5.4pc.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?