Key Post Is Avant now a clear best buy?

D

DublinHead54

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It looks like all roads point to Avant now.

Some of the lowest rates on the market, ability to overpay, low follow on variable, offer new rates to existing customers, some flexibility in breaking out and a great mix of rates across the term.

Is the only thing stopping them cornering the market the fact that they use broker channels and people may still trust the brick and mortars providers more?

I am going to fix for 4/5 years as it suits my situation (we might move in 5 years).
 
Hi Dublin Bay

I updated the tables for 90% LTV this morning and came to the same conclusion.



Finance Ireland has a nice feature where the fixed rate may fall, if your LTV falls, but Avant's rates are much lower from the start, so it seems that they are a better bet.

Brendan
 
Let's say I fix for 10 years but I need to sell after 7 years. I understand there may be early break fees and penalties, fair enough.

Is there an option to sell on my remaining 3 years to a willing and eligible new owner?

I have seen this practice in other markets in Europe but I have not heard of it here.
 
Horatio said:
I understand there may be early break fees and penalties, fair enough.
Click to expand...

Just to be clear.

There is only "an early repayment charge.". It is not a penalty as such.

It is likely to be zero if you are taking out a 10 year mortgage today.
But, in any event, Avant has a ceiling of 2% on it.

Brendan
 
Brendan Burgess said:
It is likely to be zero if you are taking out a 10 year mortgage today.
But, in any event, Avant has a ceiling of 2% on it.

Brendan
Click to expand...

Also worth pointing out they may wave the fee if you remortgage (for more) with them.

 
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