L
Liam D Ferguson
Guest
This is a post from NoelC which details how he managed to get a better rate, and a tracker rate, on his Bank of Ireland mortgage by simply asking, and vaguely threatening to move his mortgage elsewhere otherwise. If Bank of Ireland have the facility to do this, other BoI customers should do the same. Obviously, Askaboutmoney cannot guarantee that other customers will get the same result. For all we know, NoelC might be a multi-millionaire jet-set playboy entrepeneur, and this (or other specifics of NoelC's circumstances) may have influenced Bank of Ireland's decision in this particular case. But it's surely worth a try.
Edited by Clubman to add link to original topic & fix typo.
I got ECB rate + 1.1%, on the basis that I was going to transfer to AIB's standard rate of 4.25%.
So they didn't quite match AIB's rate, but by the time you take into account all the costs of remortgaging, it was still a net saving to me.
BOI have a standard tracker product which is ECB + 1.35%, which is barely below their standard rate. So don't be fobbed off with this, tell them you want more or you'll move.
Edited by Clubman to add link to original topic & fix typo.