AIB or Bank of Ireland

[keegan1]

Hi. Im organising my mortgage through a broker(purely for handiness sake). I will probably go for a variable mortgage. He came back with the best rates a few days back. The best he had was 2.95% with AIB(based on a 55% loan to value on a loan amount of €275k)I spent a few minutes ringing around and found a slightly better rate with BOI of 2.9%. I spoke to him today and he is really pushing AIB(obviously gets more commission from them). He said that their fixed rates are so much better than BOI so that if in 6 months or so we want to lock into a fixed rate AIB would be a much better option. Does this sound like good advice.

 

[niceoneted]

Might I suggest NIB as they do not deal with brokers. I have a tracker with them of .5% above ECB based on 50 % LTV. I'm not sure if they are still dong these tracker rates but am aware they are doing some. You may just well get a better rate.
No connection. Just happy with rate I'm on.

 

[Sunny]

Hi. Im organising my mortgage through a broker(purely for handiness sake). I will probably go for a variable mortgage. He came back with the best rates a few days back. The best he had was 2.95% with AIB(based on a 55% loan to value on a loan amount of €275k)I spent a few minutes ringing around and found a slightly better rate with BOI of 2.9%. I spoke to him today and he is really pushing AIB(obviously gets more commission from them). He said that their fixed rates are so much better than BOI so that if in 6 months or so we want to lock into a fixed rate AIB would be a much better option. Does this sound like good advice.

Not really. Go for the cheapest deal. Even if you did want to fix in 6 months, can he guarantee that AIB's fixed rates will be much better than BOI in 6 months? You can always switch mortgage providers if you decide to fix later on.

 

[LDFerguson]

Might I suggest NIB as they do not deal with brokers. I have a tracker with them of .5% above ECB based on 50 % LTV. I'm not sure if they are still dong these tracker rates but am aware they are doing some. You may just well get a better rate.
No connection. Just happy with rate I'm on.

NIB don't offer any tracker mortgages any more.

 

[DerKaiser]

Hi. Im organising my mortgage through a broker(purely for handiness sake). I will probably go for a variable mortgage. He came back with the best rates a few days back. The best he had was 2.95% with AIB(based on a 55% loan to value on a loan amount of €275k)I spent a few minutes ringing around and found a slightly better rate with BOI of 2.9%. I spoke to him today and he is really pushing AIB(obviously gets more commission from them). He said that their fixed rates are so much better than BOI so that if in 6 months or so we want to lock into a fixed rate AIB would be a much better option. Does this sound like good advice.

I think your broker has a point about the fixed rate, you should ask him what commissions he receives from each out of curiosity.

Another point worth considering is whether each will pass on any further ECB rate cut in full, this might become obvious in the next few days