Minimum mortgage term before switching

Discussion in 'Mortgages and buying and selling homes' started by pauric, Mar 29, 2017.

  1. pauric

    pauric Registered User

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    Does anyone know the minimum time you must have a mortgage with one bank before another bank will take you as a switcher?

    I asked Ulster Bank about this and was told 1 year. I've not seen any other banks state anything on this.
     
  2. pauric

    pauric Registered User

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    48
    Anyone any thoughts?
     
  3. Brendan Burgess

    Brendan Burgess Founder

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    31,556
    I don't think that it is written down anywhere.

    But if you jump from BoI to EBS immediately after getting the cash back, they would probably expect you to jump again and would be reluctant to take you.

    Brendan
     
  4. pauric

    pauric Registered User

    Posts:
    48
    I've been with BOI for a year now, so while it's not straight away BOI wouldn't have made a whole lot on me in that period of time.

    And that is what I am worried about, EBS could look at me as too much of a flight risk. I could still always go to UB though and just get the better rates. It's worth trying I suppose anyway.