No, they are absolutely not definiteKBC is 6 months required anyway. and so too is Ulster Bank. BOI is defo 12 months.
As I understand it, you're drawing down a new mortgage?I had a call with a mortgage switching provider this morning who told me the below timelines for current mortgage provider before switching.
Thanks good to hear you say that as this was my thoughts. Every second phone call I make leads to the lenght required with current mortgage provider to change. It does not seem to be definite at all!No, they are absolutely not definite
Thanks this makes sense. You are corect, I am getting my first ever mortgage and have been told I do not need to wait 6 months to switch particularly to KBC.As I understand it, you're drawing down a new mortgage?
There is different criteria for length you've had a mortgage, and can prove servicing, versus length with current provider (i.e where you've switched previously). They are 2 different underwriting assessments.
There's still flexibility, but you're asking the wrong questionThanks this makes sense. You are corect, I am getting my first ever mortgage and have been told I do not need to wait 6 months to switch particularly to KBC.
Thanks this makes sense. You are corect, I am getting my first ever mortgage and have been told I do not need to wait 6 months to switch particularly to KBC.
I have just signed first ever loan drawdown and I am considering switching now for the first time within one single month. I have never switched before obviously and wondering can you switch within 6 months or at 6 months and will any banks take you. I think I got my answer in that every scenario is different and there is no definite criteria and therefore I could switch after one month.I'm
If it's yr first ever mortgage how can you be switching????
Please post back if you've any success with that.and therefore I could switch after one month
From your experience, would you guess in this situation you could switch at 6 months time or 12 months time or is it just not definitive?Please post back if you've any success with that.
Brand new mortgage? I've never heard of anyone succeeding in the 1st 6 months.From your experience, would you guess in this situation you could switch at 6 months time or 12 months time or is it just not definitive?
I switched to PTSB after 12 months, as above poster says, it depends on each application, it seems. Those timelines are not fixed.
I went to PTSB myself and this is a new mortgage and my first ever mortgage. I did not go through a broker. I started with PTSB for the very reason of their 24 month timeline. I said if I start with them then I will only have to wait 12 months for sure before my next cashback. Now what I want to do is chance my arm and see if I even do need to wait 12 months before my first switch or if BOI or EBS would take me in 6 months time so I can collect the cashback sooner than I expected. I want to try get cashback as soon as possible from a few banks and maybe end up with a provider with the lowest rate in Ireland sooner rather than later to take away chance of my personal circumstances changing around dependents, salary etc etc. The quicker I can do this the more it reduces my risk.Can I ask did you go through a broker or deal directly with perm themselves. I got the line previously that you had to be with your provider for 24 months before you are able to switch (which is anti competitive in my opinion)
No. It's all incorrect.Hi. My solicitor has advised that in order to switch and avail of cash back that the bank usually defers payment of the cashback for 30 days and also will generally include a clawback clause if tou switch to anither provider. Isthis correct?
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