Avant are already doing that. PTSB are hardly testing the market by offering the same rate as KBC, who are offering 3K cash.An interesting proposition. PTSB can test the waters of how sensitive switchers are to rates Vs cashback.
Neither KBC or Avant offer a 4 year fixed mortgage.Avant are already doing that. PTSB are hardly testing the market by offering the same rate as KBC, who are offering 3K cash.
I was offered a fixed rate of 2.3% for 5 years for >85% LTV around 18/24 months ago. However, the 2.8% for the same time was cheaper when cashback was included so didn't go with it.Bank of Ireland have offered cashback or no cashback mortgages. Fir last year or two I'd say.
KBC only offer that rate for <60% LTV for 2 or 3 years, and where you get the current account discount.Avant are already doing that. PTSB are hardly testing the market by offering the same rate as KBC, who are offering 3K cash.
In a scenario, where PTSB buy the UB loan book, this rate won't be available to those customers. And indeed, it's not available to current PTSB mortgage holders who have a fixed term ending.
Also might i ask- are ptsb willing to lose customers who are coming to the end of their fixed fate by not offering them the lower rates. would they prefer to not offer them the lower rate and lose custom?? cant rap my head around that one.In a scenario, where PTSB buy the UB loan book, this rate won't be available to those customers. And indeed, it's not available to current PTSB mortgage holders who have a fixed term ending.
Yes, but PTSB don't currently accept switchers who've been with their current lender less than 12 months, and with thus rate the borrower would have to pay their legal fees.What if you were to switch to another lender when your fixed is up for say 1 year then switch back to ptsb would you ge the lower rate??
product description | borrowing rate % | initial rep € | rep after (3.9%) post FR € | APRC | Overall payable € | Cashback at drawdown € |
2 yr fixed | 3.1% | 1175 | 1253 | 3.9% | 299376 | 4200 |
3 yr fixed | 2.95% | 1159 | 1247 | 3.8% | 296575 | 4200 |
4 yr fixed | 2.55% | 117 | 1234 | 3.5% | 291027 | 0 |
5 yr fixed | 3.00% | 1164 | 1239 | 3.6% | 293281 | 4200 |
7 yr fixed | 3.00% | 1164 | 1230 | 3.5% | 290037 | 4200 |
product description | borrowing rate % | initial rep € | rep after (3.9%) post FR € | APRC % | Overall payable € | Cashback at drawdown € |
2 yr fixed | 3.1 | 934 | 996 | 3.8 | 238164 | 3340 |
3 yr fixed | 2.95 | 922 | 992 | 3.7 | 235937 | 3340 |
4 yr fixed | 2.55 | 899 | 981 | 3.5 | 231523 | 0 |
5 yr fixed | 3.00 | 926 | 985 | 3.6 | 233315 | 3340 |
7 yr fixed | 3.00 | 926 | 978 | 3.4 | 230735 | 3340 |
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