In AIB 300 Cohort - Moving House

Reboot

Registered User
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We are in the AIB 300 Cohort, and following this we have a Tracker Mortgage at + 1.74%. There is approx €175k remaining on this, over 16 years.

We are looking at Buying/Building a new house with a total cost €520k. After some savings and profit on sale of current house, the plan is to have approx €280k mortgage (~ 55%).

Can we keep the Tracker Mortgage Rate on €175k of the new Mortgage and get a Variable or Fixed Rate on the remaining Balance?
Is there any reason to go to a Broker or apply to a lot of other Banks, or will the Tracker transfer (if available) with AIB, always be the best option?
 

Brendan Burgess

Founder
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AIB will offer you a replacement tracker at an increased margin of 2.74%.

So you would have €175k at 2.74%
And €105k at their market rate - say 2.35% fixed for three years.

Of as you have less than 60% LTV, you could get the lot from Avant at 1.95%

Brendan
 

Reboot

Registered User
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17
Thanks. It looks like I will need to put in the effort to get the best rate.
I'm not living in a City or in the Dublin Commuter Belt, so I'm not sure if Avant is an option for me.
 

Reboot

Registered User
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17
I won't be eligible for an Avant Mortgage as I'm more than 20km's from the nearest (not Dublin) City Centre. I spoke to a Broker who confirmed this.

I'm in a large town approx 40km's from City. Is it expected that Avantcard might expand their area?
 
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