Looking for best mortgage deal on self build

G

gidxg03

Registered User
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Hi folks,

Were looking into self building this year and I have a few questions with regards to mortgage. We had built a house a few years ago which we sold. We had our mortgage with the TSB. I would prefer to go back to the TSB for our mortgage because of the one plan option which we were thinking of using for car loans etc. We currently have 2 car loans and the plan was to use one plan for car loans and pay back the amount we would be paying off a normal car loan off the one plan saving in the long run. We wanted to keep this separate from the mortgage as we will be changing car every few years and this will save us having to re-finance the mortgage.
However TSB are not the cheapest lender out there. Looking at tracker rates (APR) the TSB are at 3.7% and BOS are at 3.04%. If we were to shop around and find the lowest rate do you think we could approach the TSB and see if they match it? Seen as we are previous customers?
 
Although not the cheapest interest rate have you considered the current account mortgage from First Active? It's more flexible than the one plan mortgage. What is your loan amount and what would be the end value of the house? The loan to value ratio can affect the rate.

Sarah

www.rea.ie
 
Sarah I'm hoping it'll be below the 60% ratio. We bought our site with savings. Hope to biuld for approx 180K (that's a whole different thread). Would hope the house would be worth in the region of 350K.
 
At >60% Ulster Bank, NIB and Bank of Scotland's new discounted tracker rates are going to be the keenest rates but I still think the CAM is worth looking at if you want to re-borrow and repay regularly on the car loans.

Sarah

www.rea.ie
 
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