Dilosk/ICS enters home loan market for 2.7% variable for <60% LTV

Brendan Burgess

Founder
Messages
38,131

4035



ICS Mortgages will be offering customers a range of flexible options aimed to suit individuals
changing needs throughout their mortgage term. These include:

• Overpay facility – customers can pay an additional 20% off their mortgage in any 12-month
period. This will reduce the mortgage term and the amount of total interest paid. This can either be
in a lump sum or regular overpayments and should appeal to self-employed, contract workers and
those receiving bonuses.

• Mortgage breaks – customers can take a 3-month break from their mortgage up to 3 times
throughout their mortgage term. This is to give a little breathing space during certain life events such
as the birth of a child, medical of educational expenses.

• Loan- to- value rates throughout the mortgage term. As the customers’ Loan- to- Value reduces,
they may be able to avail of lower rates. The customer just needs to provide a new valuation on their
home.
 
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Brendan Burgess

Founder
Messages
38,131
This will annoy AIB who will have to change their advertising claiming that they have the lowest variable rate.

DiloskAIB
<50%2.7%2.75%
<60%2.7%2.95%
<80%2.95%2.95%
<90%3.15%3.15%
 
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Brendan Burgess

Founder
Messages
38,131
I have no idea. But I would imagine so.

Remind me how you are an ICS customer for a family home? Was your mortgage taken out with ICS when it was owned by BoI?

Brendan
 

JohnJay

Frequent Poster
Messages
878
Interesting. I'm in the process of moving to KBC, This matches their 2.6 rate for 5 years <60%
 

Coldwarrior

Frequent Poster
Messages
150
For buy to let loans, Dilosk charge an admin fee up front.

They have not mentioned it for home loans, but one to watch out for if you are applying.

Brendan
No mention of admin or setup fees on their website, so hopefully they don't apply them to home loans. Their valuation fee is a bit higher than the norm but only by 30/40 quid.

4037
 

pguyo

Frequent Poster
Messages
80
I have no idea. But I would imagine so.

Remind me how you are an ICS customer for a family home? Was your mortgage taken out with ICS when it was owned by BoI?

Brendan
Yes I was one of the cohort that was originally transferred to Dilock ICS from BOI.
I tried ringing this morning but no answer but will try after lunch.
 

Gordon Gekko

Frequent Poster
Messages
3,655
I’m pretty sure I read somewhere that arrangement fees aren’t allowed in respect of home mortgages.

I always find the fanfare around these launches preposterous; another provider offering rates that are pretty much in line with the market.
 

Itchy

Frequent Poster
Messages
288
Agreed. It’s movement in the mid-market only. Lowest rates and highest rates seem largely static and no obvious downward pressure from within the market.
 

pguyo

Frequent Poster
Messages
80
So as an existing customer I applied for a rate change and have been refused......... 40% LTV.....Some joke.

Time to switch.....
 

mick999

Registered User
Messages
5
I am also an existing customer and I got offered a reduction to 2.85 %.
Not as good as new customers unfortunately...
 
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