Have a mortgage about to come off a 3 year fixed with Ulster Bank. Was paying €558 a month. They have sent me out renewal options. There's 77k left and LTV is <60%. 17 years.
The fixed rate for 3 years is coming down to €490, 3.25%, APR 4.1.
The flexible variable is €532, 4.3%, 4.4 APR.
Their SVR is very uncompetitive to my untrained eye, am I right?
Thanks for the replies. The cashback I understand is only for any fees that maybe incurred to switch? They're not just buying you off?! When coming off a fixed rate with UB do they charge much to move? 3.3% with AIB is much of a muchness versus 3.25 with UB. I see on another thread there's talk of a new player coming in to shake up the market (Frank) with sub 3% rates. That would be more interesting..