ok so this is an fyi and report for the forum that today we just completed a switch. Here are some notes on the experience:
I walked into the boi branch on 5th September to kick it off. It is now 13th December. Thats over 3 months. Most time taken is never usually with the branch advisor but is at the central mortgage ops ticking boxes for CBI and then printing/ posting (with a few mistakes and loan reprints/reissues thrown in)
I found a Switch no less time consuming than moving house (our synchronised house buy and sell we did 3 years ago was 11 weeks).
But it feels good to reduce cost of credit significantly assuming we are not "SVR fleeced " all over again when the 3 year fixed is up.
BOI should have something in the 3.0% range at that point in 2020 to stay with.
2% Cashback is supposed to arrive within 3 weeks of the first repayment.
The last 1% is paid if you stay 5 years.
Lets keep switching out there !
I walked into the boi branch on 5th September to kick it off. It is now 13th December. Thats over 3 months. Most time taken is never usually with the branch advisor but is at the central mortgage ops ticking boxes for CBI and then printing/ posting (with a few mistakes and loan reprints/reissues thrown in)
I found a Switch no less time consuming than moving house (our synchronised house buy and sell we did 3 years ago was 11 weeks).
But it feels good to reduce cost of credit significantly assuming we are not "SVR fleeced " all over again when the 3 year fixed is up.
BOI should have something in the 3.0% range at that point in 2020 to stay with.
2% Cashback is supposed to arrive within 3 weeks of the first repayment.
The last 1% is paid if you stay 5 years.
Lets keep switching out there !