KBC rate cut

BourbonWithIce

Registered User
Messages
53
I believe that a rate cut from KBC will be announced in the next 48 hrs. Speaking to an employee who advised as much re drawing down a loan.
 

Edward33

Registered User
Messages
53
Why have ulster Bank and KBC cut rates? Is it mainly because of increased competition here in Ireland between the banks?
 

fuse

Registered User
Messages
13
"The company will reduce the rates on all three-year fixed mortgages by 0.3% to 2.25% for <60% LTV, 2.3% for 60-80% LTV and 2.35% to 80-90% LTV.
The rates on five-year fixed mortgages have been reduced by 0.2% to 2.4% for <60% LTV and 2.45% for 60-80% LTV, and by 0.3% to 2.5% for 80-90% LTV."

What's changed? When I looked a few weeks ago, the lowest rate was also 2.25% - provided you had a KBC current account.
Does this new 2.25% rate get further reduced if you setupa current account?
 

The Oggster

Frequent Poster
Messages
60
Now I need to find out how much my monthly payment would reduce by and if there's a break fee. Currently paying 2.6% on a 5 year. 2.25% would be a decent drop (although that's only 3 years) and I think valuation fee would be paid off in a couple of months.
 
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