Best mortgage rate for new customers

best mortgage rate out there for new customers

am i correct in saying that if i were to move my mortgage (i am currently with BOI) i will get a better offer. ie - the banks offer better rates to new customers

i am looking to get a five year fixed and am wondering what is the best rate out there at the moment for new customers

Beware of lenders who offer attractive discounted rates to new customers but are not competitive on the normal rate that will kick in from year two or whatever. Better to look at the long term cost of the loan than short term discounts. Also - only fix if you really need to and not in an attempt to time the market, second guess the institutions and save money over a competitive tracker/variable rate. You generally won't. And remember that fixed rates are inflexible and involve penalties if you decide to clear or reduce the mortgage before the term is up or move house.

Have a look at http://www.primafinance.ie to compare rates. I find it useful because they give both APR and the actual interest rate. Also beware that rates are going to be in a state of change for the next couple of weeks due to yesterday's interest rate rise.

Best 5 year fixed : EBS 4.85% but I would second ClubMan's advice. Redeeming the mortgage if your circumstances change within the 5 years will result in a hefty penalty.

i'm currently getting offered ECB + 0.95% tracker with IIB with a LTV slightly less than 80% - Anybody hear of a better tracker rate or is this as good as i'll get?

what's the mortgage amount?

310k