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

www.icsmortgages.ie

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The ICS Brand was established in 1864 and has remained a leading and trusted brand in the mortgage market throughout its 150-year history.
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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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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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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
 
Interesting. I'm in the process of moving to KBC, This matches their 2.6 rate for 5 years <60%
 
Brendan Burgess said:
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
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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
 
Brendan Burgess said:
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
Click to expand...

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

Time to switch.....
 
I am also an existing customer and I got offered a reduction to 2.85 %.
Not as good as new customers unfortunately...
 
Brendan Burgess said:
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
Click to expand...
Coldwarrior said:
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.

View attachment 4037
Click to expand...




I've recently taken a B2L mortgage with ICS. There's an arrangement/legal fee deducted at draw down €1168.
I have a >50% LTV mortgage so have a rate of 4.37%.

I also secured another mortgage with PTSB for our new home at a rate of 2.8% - so not too far off what ICS are offering.
 
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