I moved my mortgage from BOI earlier this year to EBS to achieve a lower interest rate and avail of the 2% cashback deal. I am now on a variable rate of 3.3% with EBS. The outstanding amount on my mortgage is around €255K with a loan to value ratio well below 50%. My job is permanent and secure. I have no other debt.
I am interested in moving again and ultimately would like to be with AIB given their track record in handing on interest rate cuts. However I would like to avail of a cashback deal elsewhere 1st if this is possible.
I was thinking of moving to PTSB next. They are currently offering a 3.2% var rate and 2% cashback (worth €5100 to me minus €1000 legal fees = €4,100 profit.)
How long do you have to be with your current lender for PTSB to take you on?
I would consider staying with PTSB for a year at this rate and then move back to my original lender (BOI) if they are still offering their 2% cashback deal.
What are my chances of Bank of Ireland taking me back if I had the mortgage with them originally and then moved a few times?
Has anyone experience of making successful moves like this?
How can I increase my chances of this being successful?
My ultimate aim is to make as much money as possible on the cashback deals and also to end up on a low interest rate.
I am interested in moving again and ultimately would like to be with AIB given their track record in handing on interest rate cuts. However I would like to avail of a cashback deal elsewhere 1st if this is possible.
I was thinking of moving to PTSB next. They are currently offering a 3.2% var rate and 2% cashback (worth €5100 to me minus €1000 legal fees = €4,100 profit.)
How long do you have to be with your current lender for PTSB to take you on?
I would consider staying with PTSB for a year at this rate and then move back to my original lender (BOI) if they are still offering their 2% cashback deal.
What are my chances of Bank of Ireland taking me back if I had the mortgage with them originally and then moved a few times?
Has anyone experience of making successful moves like this?
How can I increase my chances of this being successful?
My ultimate aim is to make as much money as possible on the cashback deals and also to end up on a low interest rate.