Get a BoI mortgage and then switch to KBC?

Martin84

Registered User
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7
Ok, just about to buy my first property. I got mortgage approvals in principle from AIB, BoI and KBC.

KBC has the best terms, but Im thinking that an optimal course of action seems to be to first get a BoI mortgage and the 2% cashback, and then some months later switch to KBC. Is this doable, or am I missing some catch?

Cheers,
Martin
 
This is discussed in the switcher's forum.
Some banks have limits on the time with your current lender before they'll take you on.
 
Martin in your situation you should get full mortgage offers from BOI, EBS, and PTSB for their 2% cash back offers, also get full offers from KBC, and AIB and finally UB who have the best rates at the minute but only €1500 cash back offer. How much is the mortgage for ?
 
Thanks! BoI is saying that Ill only get the 2% if I drawdown the mortgage this year. I wonder though, if next year there will be a new 2% offer. Not sure how long the purchase process will take. I tried to get an offer from UB, but I filed the application in July and they still havent gotten back to me.

The mortgage is for 265k.
 
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