Brendan Burgess
Founder
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- 52,091
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
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