Eight weeks!? That's ridiculous! AIB and Ulster Bank seem to manage to do it in under two weeks.They said it takes 8 weeks but you could make that 9 or 10 weeks given how busy they are with these requests.
I am in the process of re fixing my KBC mortgage with KBC but have to break to a variable rate briefly then refix for 3 years
Have done it twice already and process takes about a month.
Yes,Eight weeks!? That's ridiculous! AIB and Ulster Bank seem to manage to do it in under two weeks.
@TTandTO In this thread, user @Stitcher says:
That was back at the end of May. I guess they are much slower now.
Have KBC told you that you have to go through this convoluted process (break out of your fixed rate, go on to a variable rate briefly, and then re-fix)?
I understand now.I was told that variable will be automatically applied once you break out of any fixed rate.
But hopefully break out and refix will be the same day.
I think their deadline was July 9th (refusing all refix applications after that AFAIK)
I was told this by the customer care rep. I can't remember the specifics, but he said "your paperwork is all in before the deadline" and the deadline had no bearing on the 10 day limit.@Seaniemed Do you remember where you heard or read this? Are you sure you're not thinking of when they stopped accepting new mortgage customers after 15 July?
That was new business/ new business from current customers.I think their deadline was July 9th (refusing all refix applications after that AFAIK). Also, one rep told me that they would just add the break fee onto the mortgage but that isn't true - I've been overpaying every month so they took it from that payment instead. I rang them and they told me all was in order but I haven't heard anything since I applied end June
Yeah I do still think a break and re fix is being treated as new business. I'd like to hear from someone who is refixing nowThat was new business/ new business from current customers.
Current customers will be able to refix / change rates / overpay right to the end.
It's not. New business is new lending. Making a change to the rate on the account you have is not new lending.Yeah I do still think a break and re fix is being treated as new business. I'd like to hear from someone who is refixing now
In a post earlier in this thread, user @TTandTO said:Thinking of breaking and refixing before kbc closes. 4 years left on 5 year fixed of 2.4. Just wondering if there's a chance I could get put on a variable rate and get stuck on this if they close before I refix?
I was told that variable will be automatically applied once you break out of any fixed rate.
But hopefully break out and refix will be the same day.
That's bad. AIB and Ulster Bank seem to manage to do it in under two weeks.I got a letter 2 weeks ago confirming fixed rate after applying mid June... so over 12 weeks in total to confirm in writing.
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?