My sister and I have been offered a mortgage by both AIB and BOI. We were just wondering if anyone has any information or experiences with either that could swing our decision one way or the other.
Things like:
1. Speed and accuracy when trying to achieve a quick close
2. Flexibility of payments - I know AIB will do fortnightly payments but I have to check with BOI if they will too. Or overpayments on a variable mortgage etc.
3. Are they quick to pass on any rate cuts and do they give them in full? Likewise did they up any rate increases more than the ECB rate during the time when the rates kept rising.
4. Do they treat their existing customers as well as their new customers.
5. If we wanted to change from variable to fixed at a later date is one or other of them easier to deal with etc.
Both have similar rates. If we choose to go on a variable rate BOI are slightly cheaper at 2.4% v AIB 2.45% but AIB's fixed rates are better than BOI's but again it is marginal. We haven't decided whether to go variable or mix a bit of both yet but as the rates are so similar I just wanted to see if there is anything else we should consider before we decide. We didn't have this problem last time as we went for a tracker mortgage so there was only so much the bank could do rate wise.
Any help would be much appreciated.
Things like:
1. Speed and accuracy when trying to achieve a quick close
2. Flexibility of payments - I know AIB will do fortnightly payments but I have to check with BOI if they will too. Or overpayments on a variable mortgage etc.
3. Are they quick to pass on any rate cuts and do they give them in full? Likewise did they up any rate increases more than the ECB rate during the time when the rates kept rising.
4. Do they treat their existing customers as well as their new customers.
5. If we wanted to change from variable to fixed at a later date is one or other of them easier to deal with etc.
Both have similar rates. If we choose to go on a variable rate BOI are slightly cheaper at 2.4% v AIB 2.45% but AIB's fixed rates are better than BOI's but again it is marginal. We haven't decided whether to go variable or mix a bit of both yet but as the rates are so similar I just wanted to see if there is anything else we should consider before we decide. We didn't have this problem last time as we went for a tracker mortgage so there was only so much the bank could do rate wise.
Any help would be much appreciated.