P Paul F New Member Messages 1,456 1 Jul 2021 #1 From The Irish Times: AIB subsidiary Haven has launched a four-year, fixed-rate mortgage aimed at homeowners with a high building energy rating (BER) on their property. The mortgage has a rate of 2.15 per cent, effective from July 8th, and is open to those with a BER of between A1 and B3 Click to expand... Not quite as good as AIB's 2.1% green mortgage (also with €2,000 cashback). AIB's green rate is 2.15% for LTVs over 80%. Let's see what Haven's is. But AIB has the big advantage that you can often break out of your fixed rate and fix at a lower late with no penalty – see this thread. Am I overlooking any other differences?
From The Irish Times: AIB subsidiary Haven has launched a four-year, fixed-rate mortgage aimed at homeowners with a high building energy rating (BER) on their property. The mortgage has a rate of 2.15 per cent, effective from July 8th, and is open to those with a BER of between A1 and B3 Click to expand... Not quite as good as AIB's 2.1% green mortgage (also with €2,000 cashback). AIB's green rate is 2.15% for LTVs over 80%. Let's see what Haven's is. But AIB has the big advantage that you can often break out of your fixed rate and fix at a lower late with no penalty – see this thread. Am I overlooking any other differences?
I Itchy Registered User Messages 944 2 Jul 2021 #2 Paul F said: But AIB has the big advantage that you can often break out of your fixed rate and fix at a lower late with no penalty – see this thread. Click to expand... Do Haven calculate their break fees in a similar way to AIB?
Paul F said: But AIB has the big advantage that you can often break out of your fixed rate and fix at a lower late with no penalty – see this thread. Click to expand... Do Haven calculate their break fees in a similar way to AIB?
R RedOnion Frequent Poster Messages 7,273 2 Jul 2021 #3 @Paul F Its looks like Haven rate of 2.15% applies irrespective of LTV.
R RedOnion Frequent Poster Messages 7,273 2 Jul 2021 #4 Itchy said: Do Haven calculate their break fees in a similar way to AIB? Click to expand... No. The contractual term that the other thread refers to is unique to contracts written on AIB paper. It doesn't appear on Haven or EBS contracts.
Itchy said: Do Haven calculate their break fees in a similar way to AIB? Click to expand... No. The contractual term that the other thread refers to is unique to contracts written on AIB paper. It doesn't appear on Haven or EBS contracts.
I Itchy Registered User Messages 944 2 Jul 2021 #5 So Haven is less advantageous than AIB all else being equal.
P presidenttttt Registered User Messages 277 8 Aug 2021 #6 Don’t think the 5k cash back comes with the 4 year green mortgage. So better to go with the higher rate for 2-3 years?
Don’t think the 5k cash back comes with the 4 year green mortgage. So better to go with the higher rate for 2-3 years?
F Fahrenheit Registered User Messages 36 12 Aug 2021 #7 presidenttttt said: Don’t think the 5k cash back comes with the 4 year green mortgage. So better to go with the higher rate for 2-3 years? Click to expand... Correct. The 5Ke is not available on the green rate with Haven. However a 2Ke cashback is payable on the green rate if the client is switching to Haven - it's not available to purchase clients.
presidenttttt said: Don’t think the 5k cash back comes with the 4 year green mortgage. So better to go with the higher rate for 2-3 years? Click to expand... Correct. The 5Ke is not available on the green rate with Haven. However a 2Ke cashback is payable on the green rate if the client is switching to Haven - it's not available to purchase clients.