EBS - negotiating a better rate

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decembersal

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I am an existing mortgage holder (240k) with the EBS and am transferring from a variable (5.25%) to a tracker mortgage (ECB +1%= 5%) which I still consider to be not that competitive. However, I do not wish to change mortgage providers.

Therefore, I am wondering has anyone else managed to re-negotiate the tracker rate down from 1%???
 
They would not budge for me so I just switched. I got €1000 off Ulster bank and all my costs were paid. I believe NIB are cheaper again.

Switching is slow but it works out fine.
 
Hi Banking2006, thanks for your help. do you have any tips on how to re-negotiate with bank - threaten to walk or go softly softly?
 
I thought when Ulsterbank paid the fees for me I had to stay with them for 5 years, although when I read through the fine print there was no mention of it anywhere. My mortgage is quite small <100k do you think they will go with 0.55% for that?

They handed over the €1000 switcher bonus fairly sharply as well, with no questions asked.

As a matter of interest what bank will give me the 0.55%
 
The best rate on the Ulster Bank website is ECB + 0.75

[broken link removed]



ECB Tracker <60% Loan to Value (minimum loan €100K)
4.79% RATE

4.91% APR​
 
Last edited:
The rate i quoted is obviously not on website! The bank won't let competitors know what it does to get customers...
 
If you have a ufirst account the rate is reduced to 0.65%. There is a fee for this of €6 a month I think and I save €9 on mortgage repayments but I think I get the first €500 on my overdraft interest free and some other useless perks. I can't remember the exact numbers at this stage.
 
decembersal said:
So what did you say that made UB give you ECB +.5%???? ;-)
Click to expand...

I would say he told them he was leaving, which is what I might threaten to do. NIB are offering +0.5% (LTV <50%) and if I can switch again without penalty then why not.
 
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