Based on what exactly??
Avant Money launches a new mortgage today from < 2%
- Thread starter Deeks1
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Based on what exactly??
Gordon Gekko
Registered User
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They probably told him. A lot of the banks/mortgage companies have relationship managers who help the brokers out.
It'd make perfect sense if they were to cover legal fees for higher value switcher mortgages, similar to Haven having s cutoff of 250k.
Currently, along with Finance Ireland and Dilosk they're the only active lenders that don't offer cashback for switchers. In other words, >98% of switchers get cashback in some form.
Currently, along with Finance Ireland and Dilosk they're the only active lenders that don't offer cashback for switchers. In other words, >98% of switchers get cashback in some form.
Extended criteria means they cover 71% of all properties in the country.
Increased panel of brokers to 32.
Avant approved 1 in 5 of all switcher mortgages in February.
Here's the link to article:
www.irishtimes.com
Increased panel of brokers to 32.
Avant approved 1 in 5 of all switcher mortgages in February.
Here's the link to article:
Spain's Avant extends Irish reach of cheaper mortgages
Athlone, Carlow, Dundalk, Kilkenny, Wexford and Portlaoise to get Avant Money offer
Here is a thread with some brokers that apparently don't charge a fee. But check with them yourself.
HollowKnight
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Spoke with a broker today about a switch to Avant (my circumstances have changed a little) and he informed me that Avant do not do any exceptions to the 3.5x multiplier on income.
I'm not sure I've seen this mentioned on the forums anywhere and thought it a good idea to share.
I'm not sure I've seen this mentioned on the forums anywhere and thought it a good idea to share.
Flash The Cash
New Member
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What is the minimum amount for an avant mortgage? On the application form it says 100,000 but on bonkers.ie for the new "one mortgage" it says minimum loan amount is 25,000? Their website is very low on details and help. I read the press release for the one mortgage on this website askaboutmoney in a different thread, but minimum is not mentioned, however bonkers filter out the older offerings if I put in a loan amount less than 100,000. I am not sure if it's a typo on bonkers website but switcher.ie does not seem to do same rules.
Is this any help?
Minimum: 100,000
ThatNewGuy
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I've used Vision Financial in Ranelagh for my 3 x mortgage moves and found very good. No association, found them through a friend, but I'll be going back to them to sort out a move to Finance Ireland for me shortly
Brendan Burgess
Founder
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What do you mean by that?
The One Mortgage has a much lower rate for a 15 year mortgage than a 30 year mortgage. So you couldn't get a price based on 15 years and then ask for it to be switched to 30 years without paying a higher rate.
And if are 50, they would probably not give you a 30 year mortgage anyway.
Avant might face a problem if a customer has a 15 year mortgage and gets into trouble. Then extending the term might be the only way of making the mortgage sustainable, but the Central Bank does not allow lenders to increase the rate for those in MARP who are cooperating.
Brendan
The term remaining with my current lender is X. I want to extend X to 30 (I'm a spring chicken). The broker informs me that the maximum term that Avant will allow me to pay off the mortgage over is X.
Which seems like an arbitrary (ridiculous) position to me.
PebbleBeach2020
Registered User
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I've done a few switches and always the term stayed the same or reduced. It was never extended.
Did you request to extend the term at any point?
It's a strange stance, especially as they allow equity release in some cases.
Now I got it from the broker rather than the horses mouth so to speak. So I’d just like to verify it.