we're ready to switch asap
And usually pass on new rates to current customers unlike KBCWhy don't you switch to AIB? Their rate is falling to 3.1% shortly at your LTV and they will give you €2,000 for your trouble.
At the moment its KBC not AIB at the top of list on the mortgage comparison sites with 3.1%.
Absolutely not. AIB is the best option you have open to you, as discussed many times on this thread.KBC 3.1% SVR is the best at moment but waiting.....
What difference does european mortgages have to do with this in general. Yes they are good for a comparison, but they are not available here in the short term. Thats like me complaining the cost of a pint in Poland and complaining it costs more here !I will be researching Eurozone mortgages asap as above
But by proposing to go with KBC, this is exactly what you were doingI would not be into scams such as incentives or not passing on rates to existing customers which so many of them do not do - disgraceful.
Ideally I want a 0.5% ECB tracker, but that is not reality. Maybe you need to inject a little bit of that into the discussion aboveIdeally I want a bigger saving in line with European countries (who aren't being fleeced).
Tempted to wait perhaps another month or 2 to see what the potential new market entrant 'Frank Money' has to offer (to avoid switching twice) - read a discussion about 2.7% or less somewhere...
The vulture fund cannot collect repayment of the mortgages unless it gets authorised by the Central Bank as a credit servicing firm or appoints an authorised credit servicing firm if not lending.
Agreed. I think that there is a perception that AIB or BoI won't raise the rates to 20% tomorrow. But any lender who is not open to business would have little disincentive to doing so.Also any lender could increase its rates to 10% or 20% not just a vulture fund!
Best suggestion is get AIB provisional approval valid for 6 months and during that time wait and see what happens with Frank Money.
Best suggestion is get AIB provisional approval valid for 6 months and during that time wait and see what happens with Frank Money.
If another lender offers an even better deal in six month’s time so that it makes financial sense to switch again – well, that’s what you should do.
Did any of you think of **AGE**. Yes me and my wife's age.
Thanks for all the feedback folks. If anybody knows of a Bank who will take the switch please let me know.
Can I ask why this is nonsense? I am sure some actuary within AIB has done a risk assessment on this and determine this is the maximum age they feel comfortable providing a mortgage until. I appreciate it may not suit your personal circumstances, but I am sure there is an inherent risk in having a mortgage beyond a certain age - whether that be 60, 65 or 70. The bank is under no obligation to lend to anyway - its a business transaction at the end of the dayAIB will give 16 years max to Age 65. Nonsense.
To be honest there are two elements to mortgages. First is LTV which in your case is fantastic, but the second part is affordability for the duration of the mortgage. There is obviously concerns with the bank here, and they feel an inherent risk about lending beyond a certain point. Surely you can accept this point.And this is for people with 35% LTV on a 1.2m house. So this is saying we cant get the savings we require.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?