KBC are still offer 3.05% for 10 years fixed. 2.95% with the current account discount.Mortgage broker Karl Deeter said AIB would have the cheapest seven and 10-year rates. Haven will have the same fixed rates for one to five years, but no seven or 10-year offerings.
Their 1 year fixed exactly matches their SVR. So no discount for long term customers on SVR or those on higher LTV rates, unless they commit to long term fixed rates.And in a market where the underlying cost of funds is expected to increase, 5 year fixed is cheaper than a 1 year fixed.
Absolutely. Competition is dictating the pricing of short term fixed rates.Would it be fair to say that in the past movements in the fixed rate would have been a harbinger of where banks saw central bank rates going but now it looks like more market driven?
I'm not sure if it will work. FTBs are going for the cash back which requires fixing or paying high rates, or lower fixed rates on offer at UB. AIB aren't competing with UBs 2.3% rate, and no cashback on offer (their subsidiary EBS looks after that).possibly to hoover up more of the new mortgages being written (as it appears that FTBers are heading more towards fixed than variable)?