I had missed the fact that KBC is paying €3,000 to switchers.
Get
€3,000 towards your professional fees (legal and valuation fees) if you draw down your mortgage with KBC between 2nd May 2017 and 30th September 2017 **
**A contribution of €3,000 towards professional fees (legal and valuation costs) is available if the Loan is drawn down between 2nd May 2017 and 30th September 2017 only. Customers drawing down in stage payments will only qualify for the contribution if the initial stage draws down between 2nd May 2017 and 30th September 2017. The payment of the contribution will be made by electronic transfer within 30 days of the drawdown of the Loan to the account from which the monthly mortgage repayment is or will be paid. This Switcher offer excludes Buy to Let properties. The Lender reserves the right to amend, modify, cancel, withdraw or change the terms on which this contribution is available at any time at its sole discretion.
EBS
EBS offers 2%
cash back up to 30 December 2017
If you are borrowing €300,000 - you will get €6,000 from EBS but only €3,000 from KBC.
But if you are switching €100,000, you will get €1,000 more from KBC and a lower initial rate.
KBC won't pass on future rate cuts automatically to you, but you can request them.
At some stage, either the Central Bank or the FF Bill will oblige lenders to pass on rate cuts automatically to existing borrowers.
So if you are confident that you are going to complete the switch and draw down the money before 30th September, maybe KBC is a better choice?
Brendan