New mortgage fix Avant or PTSB?

E

Easter

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Trading up and a bit limited in mortgage providers due to personal circumstances.

Our choice now via broker seems to be between Avant 7 year fixed at 2.65% or PTSB 4 year fixed at 2.35% with 2% monthly payment reduction if we switch account to PTSB. No cashback with either lender.

It would be a 20 year mortgage ltv less than 60%
I expect our personal circumstances to be better in 4 years. Might we be worse off with PTSB after 4 year fixed rate ends? Is it worth the risk for the lower rate now? Thanks
 
@Easter If your LTV is less than 80%, then PTSB's 4-year fixed rate is 2.05%, not 2.35%. (It does offer 2% monthly cashback, as you say.)

And Avant's 7-year fixed rate is 2.95% for LTV<60%.

Did your broker give you those wrong rates?
 
Thanks for your reply. Yes, broker said 2.35% for ptsb and 2.65% for Avant. I do wonder why we are not being offered 2.05% that is on PTSB's website.
 
As far as I know, PTSB will treat you as a new customer if you move home and take out a mortgage with them, even if your mortgage is currently with them. That would make you eligible for the 2.05% rate.

@Brendan Burgess @ClubMan Can you confirm this?

@Easter Is your mortgage balance over €250k, and is the Building Energy Rating of your new home B3 or better? If so, you are eligible for the high-value 5-year green fixed rate (2.35% with 2% cashback at drawdown). That's 2% of the mortgage balance back in cash, which would be €5k on a €250k mortgage.
 
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Thanks all for taking the time to reply. I went back to broker and it was a mistake thar we were told 2.35, it is indeed 2.05% for now. We will have to upgrade house for better BER rating, so PTSB looks like best option for now. Hopefully we can switch later if needs be.
 
Easter said:
We will have to upgrade house for better BER rating
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Just be aware that if you succeed in upgrading the house to a B3 rating in, say, a year from now, PTSB won't give you their "new business" green rate (currently 2.35%). They will only give you the green rate that they offer to existing customers (currently 2.8% but probably higher in a year's time).
 
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