Is there a switcher market for buy to lets?

[Brendan Burgess]

A friend of mine is paying 5.04% to EBS for a mortgage of €100k on a property worth €300k.

ptsb is charging 5.1% and AIB is charging 4.97%, so there is no point in switching to them.

Ulster Bank is charging 4.5% so that is worth considering. She can check directly with them.

I wouldn't consider Bank of Ireland or KBC because of the way they mistreat existing customers.

Pepper don't publish their mortgage rates, so I wouldn't trust them either.

So it looks as if Ulster Bank is the only option.

Brendan

 

[Brendan Burgess]

With a saving of 0.5%, it would take three years to recover the legal costs of switching of around €1,500.

Probably not worth the hassle as she is self-employed and there could be a lot of paperwork involved.

Brendan

 

[trading_wizz]

With these rates, I assume it is a buy-to-let.
Ulster Bank will pay Eur1500 towards legal fees and BOI will pay back 2% of mortgage (even for buy-to-let) which will cover costs of transfer.
So really it comes down to comparing interest rates. You'll get 4.6% in BOI with this low LTV.