Dear all, I hope you can advise us.
We are a couple (married with kids) with a variable mortgage with PTSB, not delighted with the 3.6% rate and have wanted to move for a good while but never got the paperwork together (yes I know). Finally we have got organised. Our current mortgage is €170K on a house in the Dublin area worth 750K and the term is 16 years. We are or were, considering Ulster Bank fixed rate for 4, 5 or 7 years 2.35% for 4 and 5 year fixed 2.8% for 7 years. Their rates seemed attractive for a 4 or 5 year fixed. They are also offering €1500 towards solicitors fees. The fact that you can overpay on the fixed by 10% is also good.
Given their recent news to exit the market, maybe we would be as well to go with them and take their fixed rate to the new owners? I feel it will be an Irish bank, maybe even PTSB themselves. Or should we look for a better rate from someone else like KBC. or PTSB (again)....
We are also looking at Avant. I am aware with our low LTV we would qualify for Avant fixed rate 1.95% for 3, 5 or 7 years. You have to go through a broker for Avant and they seem to be mentioning solicitor fees of approx €600-700 plus outlays plus VAT. No word of cashback. I'm not sure how long their process is. - maybe they're deluged with Ulster mortgage refugees. Also I havent a clue if any of their brokers are any good, they are all just names on their website.
We only want to switch once, the whole business is a headwreck. So we would appreciate all advice.
We are a couple (married with kids) with a variable mortgage with PTSB, not delighted with the 3.6% rate and have wanted to move for a good while but never got the paperwork together (yes I know). Finally we have got organised. Our current mortgage is €170K on a house in the Dublin area worth 750K and the term is 16 years. We are or were, considering Ulster Bank fixed rate for 4, 5 or 7 years 2.35% for 4 and 5 year fixed 2.8% for 7 years. Their rates seemed attractive for a 4 or 5 year fixed. They are also offering €1500 towards solicitors fees. The fact that you can overpay on the fixed by 10% is also good.
Given their recent news to exit the market, maybe we would be as well to go with them and take their fixed rate to the new owners? I feel it will be an Irish bank, maybe even PTSB themselves. Or should we look for a better rate from someone else like KBC. or PTSB (again)....
We are also looking at Avant. I am aware with our low LTV we would qualify for Avant fixed rate 1.95% for 3, 5 or 7 years. You have to go through a broker for Avant and they seem to be mentioning solicitor fees of approx €600-700 plus outlays plus VAT. No word of cashback. I'm not sure how long their process is. - maybe they're deluged with Ulster mortgage refugees. Also I havent a clue if any of their brokers are any good, they are all just names on their website.
We only want to switch once, the whole business is a headwreck. So we would appreciate all advice.