Brendan Burgess
Founder
- Messages
- 54,803
Sarenco made this point here, but I think it's well worth highlighting.
If you are paying 4.5% to permanent tsb or Bank of Ireland, you should switch to EBS or Ulster Bank, if you can.
If you can't switch, or if the costs don't cover the savings because you have a small mortgage,
permanent tsb customers can move, without charge, from the SVR to the Managed Variable Rate according to the following table
Despite, permanent tsb writing to all SVR customers twice about this, only 20% have actually moved.
There is no downside to making this move. (The only reason you might delay making the move is that you expect to drop into one of the lower LTV bands in the immediate future. For example, if you plan to pay off a lumpsum which would bring you from just above 70% to just below 70%, you should not move until then.)
Bank of Ireland customers can fix their rate for one year as follows:
<80%: 3.4%
>80%: 3.55%
If you can't switch, there is no reason for you not to fix for one year.
Brendan
If you are paying 4.5% to permanent tsb or Bank of Ireland, you should switch to EBS or Ulster Bank, if you can.
If you can't switch, or if the costs don't cover the savings because you have a small mortgage,
permanent tsb customers can move, without charge, from the SVR to the Managed Variable Rate according to the following table
Despite, permanent tsb writing to all SVR customers twice about this, only 20% have actually moved.
There is no downside to making this move. (The only reason you might delay making the move is that you expect to drop into one of the lower LTV bands in the immediate future. For example, if you plan to pay off a lumpsum which would bring you from just above 70% to just below 70%, you should not move until then.)
Bank of Ireland customers can fix their rate for one year as follows:
<80%: 3.4%
>80%: 3.55%
If you can't switch, there is no reason for you not to fix for one year.
Brendan