KBC and AIB say that they are actively open to taking on customers from other lenders.
Has anyone actually moved?
Has anyone applied and been refused?
It has been suggested to me that they are only pretending to be interested, but I don't think that is correct.
Brendan
Hi Brendan,
I am new to your site and have to say it is very informative,
A hugh well done to you on highlighting the issue of the very high SVR's.
Just to say I have tried to switch my PPR from Dilosk over to KBC but didnt get anywhere,
I have called my bank - formerly ICS - now taken over by Dilosk and have pleaded with them to give me a lower SVR, They told me that I am one of the lucky ones as I am on a rate of 4.5% compared to their normal SVR of 4.8%.
I explained to Dilosk that we have never missed a repayment and the LTV is <60%.
They told me the reason they can’t give a lower SVR was due to "validation", I then asked to speak to a manager there as the agent was unable to explain what "validation" meant. The manager just talked about the cost of funds, etc and that the credit committee voted no to my request.
I then called KBC and enquired about switching over to them, and moving my current acc also in order to get a rate of 3.65% .
They were very interested until they heard we had a few BTL's with BOI which are in NE even though we have never missed one repayment on them.
Am I right in saying that due to having BTL's with NE with BOI, we are now stuck with Dilosk for our PPR paying this ridiculously high SVR.
Is Dilosk part of ICS still as I see on their letters they are called ICS Mortgages, and if something does happen whereby the government miraculously intervenes would Dilosk be regarded as one of the banks that would have to abide by the lowering of the SVR.
I for one would be on for marching against the high SVR – Do you think anything will happen for us 300,000 people on SVR’s.
Can you see anything being done at all ? Once again THANKS for highlighting this issue and its great to know that there is someone on our side, I hope your campaign starts to gather momentum at a rapid pace. Living in hope here.
Am I right in saying that due to having BTL's with NE with BOI, we are now stuck with Dilosk for our PPR paying this ridiculously high SVR.
Is Dilosk part of ICS still as I see on their letters they are called ICS Mortgages, and if something does happen whereby the government miraculously intervenes would Dilosk be regarded as one of the banks that would have to abide by the lowering of the SVR.
Although while on the phone today i mentioned of switching to KBC and the person I was speaking to said be sure to come back to them before switching.
When we built our house our valuation (AIB approved valuer) gave us a LTV of 54% 3 years ago due to recession hit on house prices, so AIB jumped us from our original pre build valuation of LTV<50% (1 year previously) up to the LTV50%>80% rate, even though we were 4% over the LTV treshold during a house price hit recession.
pguyo
That is very encouraging. Dilosk is the former ICS bit hived off from Bank of Ireland.
I presume it is your home as distinct from a buy to let?
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