Avant Money - Time with Current Bank

househunter1

Frequent Poster
Messages
52
Hi,
Do Avant Money have a requirement that you need to be with your current bank a certain length of time before you can switch to them?
Thanks
 

giddings

Registered User
Messages
30
Most lenders require that you're with your current bank for a year. I imagine Avant will be pretty picky on criteria like this
 

bish123

Registered User
Messages
22
Bumping up with new information.
Avant mortgage require at least four years with existing mortgage before considering switch application.
 

giddings

Registered User
Messages
30
:eek:

That is not the news I wanted to hear. Presume you heard that direct from one of their brokers? Hopefully they'll change criteria over the next few quarters...
 

bish123

Registered User
Messages
22
Yes, from a broker. I am with Ulster Bank for last two years and its a new build. Broker mentioned at least four years of existing mortgage.
 

bish123

Registered User
Messages
22
Four years of mortgage on existing property (I didn't ask if it has to be same lender). We have payment history from previous property which was declined.
 

Mocame

Registered User
Messages
17
My mortgage broker has told me that 12 months with my existing lender is sufficent to switch to Avant. This is one of the Anant approved brokers.
 
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