Hey,
have mortgage sanctioned from AIB and have cash to pay 20% of house value. Mortgage valuer has been to house and things are moving on steadily apart from a few issues relating to the engineer's report. AIB are my main bank and I have found them very good to deal with always getting prompt replies to emails etc. But....
Their current rate of variable interest on 80% LTV is 4.29%
KBC are now offering 3.99%
AIB monthly repayments over 25 years would be 979
KBC monthly repayments over 25 years would be 949
Total Approx Cost of mortgage AIB = 293,749
Total Approx Cost of mortgage KBC = 284,733
Even the difference of 360 over one year is significant enough not to mind say
over 25 years.
I'm just wondering is it worth applying for KBC mortgage? Obviously,variable rates can be changed by either bank
Is the KBC rate just a gimmick to get people to drawn down a mortgage with them and then raise rates? I notice they pay first year's house insurance as well
Have people here had any experiences with KBC? (I have done a forum search)
Thanks
Frebel
have mortgage sanctioned from AIB and have cash to pay 20% of house value. Mortgage valuer has been to house and things are moving on steadily apart from a few issues relating to the engineer's report. AIB are my main bank and I have found them very good to deal with always getting prompt replies to emails etc. But....
Their current rate of variable interest on 80% LTV is 4.29%
KBC are now offering 3.99%
AIB monthly repayments over 25 years would be 979
KBC monthly repayments over 25 years would be 949
Total Approx Cost of mortgage AIB = 293,749
Total Approx Cost of mortgage KBC = 284,733
Even the difference of 360 over one year is significant enough not to mind say
over 25 years.
I'm just wondering is it worth applying for KBC mortgage? Obviously,variable rates can be changed by either bank
Is the KBC rate just a gimmick to get people to drawn down a mortgage with them and then raise rates? I notice they pay first year's house insurance as well
Have people here had any experiences with KBC? (I have done a forum search)
Thanks
Frebel