KBC rate cut

[BourbonWithIce]

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.

 

[SeamusMcSpud]

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.

[broken link removed]

 

[Edward33]

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

 

[RedOnion]

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

No, not at all. They've decided to start giving back to society...

 

[Edward33]

No, not at all. They've decided to start giving back to society...

Well its great to see. We get ripped off by the banks here and the mortgage ratss have been a joke and um affordable for some....

 

[fuse]

[broken link removed]

"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?

 

[HollowKnight]

The previous 2.25 rate is for 2 years. This is for 3 years.

 

[Dauhee]

will we ever break the 2.25% barrier?

 

[HollowKnight]

will we ever break the 2.25% barrier?

Ulster Bank offer 2.2% for mortgages over €300k.

 

[BourbonWithIce]

Will we ever break 2% is the big question.

 

[The Oggster]

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.