KBC offers new variable rate

[LDFerguson]

KBC just launched a new variable rate 2.59% (APR 2.62%) for new business - re-mortgages, trader uppers & FTBs. Max LTV 80% for FTBs & trader-uppers and 60% for re-mortgages.

Not the best variable rate in the market but KBC do offer the facility to re-draw overpayments - you can make regular or ad-hoc overpayments but can ask for them back at any time, which is a nice feature.

They'll also do some refinancing of existing debts on re-mortgages, which AIB won't.

 

[mwhich]

Hi LDFerguson
Thanks for the recommendation.
How difficult is it to get a mortgage from KBC in recent times? Or are they sticky like the other mainstream banks?

 

[LDFerguson]

Hi mwhich,

KBC will only offer 60% of property value for re-mortgages and 80% for purchases, but otherwise their criteria are broadly in line with other banks. They want to see strong evidence of ability to repay and a good credit rating. Like all lenders, they're being careful that all documentation is in order these days, but that's a good thing really. Reckless lending does nobody any favours in the long run.

Regards, Liam