EBS Standard Variable

[selfbuilder]

I am just coming off a 5 year fixed rate of 5.06%. I got a letter today from EBS informing me that my rate will now be 4.33%. I rang up inquiring about the LTV variable rate of 4.15% which would apply to my loan value and I was informed that these LTV rates are for new business only. My only option is the standard variable or to fix it again. So much for the members! Have I any other options or do I just live with the terrible rate. I know that I could try and switch to BOI or AIB but does anyone know if either of these banks are taking switchers.

Thanks.

 

[neddynasty]

selfbuilder, out of curiosity, what kind of mortgage were you on before fixing 5 years ago?

Sorry I can't be of help on the switchers question. I don't know the answer.

 

[LDFerguson]

AIB don't take switchers. ICS do, but only up to 50% LTV. I presume Bank of Ireland apply the same criteria - Bank of Ireland don't distribute through brokers. KBC will take up to 80% LTV on a switcher.

 

[selfbuilder]

selfbuilder, out of curiosity, what kind of mortgage were you on before fixing 5 years ago?

Sorry I can't be of help on the switchers question. I don't know the answer.

I was on a standard variable before fixing more the fool me.

 

[neddynasty]

I was on a standard variable before fixing more the fool me.

Thanks selfbuilder. I'm in a similar situation re coming out of a fixed on 1st April. Was on 5 year fixed @ 5.06% with EBS also. I had a tracker before fixing so waiting on my letter to see what happens once the fixed ends.