You should not take out a mortgage with KBC

[Brendan Burgess]

KBC has announced the terms and conditions of their new scheme whereby existing customers can get the same rates as new customers.

There are so many terms and conditions, that you would really need to actively manage your mortgage to avail of it.

KBC is not committing itself to treating existing customers fairly

KBC is not committing to passing on rate cuts to existing customers

In other words, they will not pass on rate cuts for new customers to existing customers automatically.

While it does look as if you can re-apply for the new business rate, does that mean you will be given it?

Most won't bother applying.

Of course, this could be to the advantage of the customer if they have reduced the LTV band.

KBC may withdraw this at any time

 

[gnf_ireland]

KBC is not committing itself to treating existing customers fairly

Correct, they are for the first time explicitly stating in their T&C's that new and existing customers are different and is clearly a factor in the rate charged. The positive here, is the fact that it is explicitly listed and fully define what a new and existing customer is