So BoI came up with the cash offer.
It has been very successful - ptsb and the EBS have been almost forced to follow.
The LTV restrictions don't apply to switchers?
I think that they may be a factor in FTBs and SSBs but I think that the main factor is that they borrowers see cash and their eyes light up, even if it's their own cash in the case of BoI and ptsb.
But the EBS deal is really surprising. I can't see why anyone would take out a mortgage with BoI or PTSB.
Brendan