Moving mortgage

Hi
First time posting so not sure if I'm doing this right.
The fixed rate period on my mortgage expires soon, and my lender has given me a few options
i.e.
a. 2 year fixed (APR 4.0%) - rate 4.2%
b. 3 year fixed (APR 4.1%) - rate 4.3%
c. Flexible Variable (under 80% LTV) APR 3.7% - rate 3.65%
d. Standard Variable (APR 3.9%) - rate 3.85%

The repayment amounts corresponding to the above are
a. €789
b. €797
c. €745
d. €761

A friend told me that these rates are too high, and that I could get a much better rate elsewhere !
Can somebody please tell me where I can get a list of rates ?
(when i start looking at bank's web pages, i get completely confused !).

Also, do other financial institutions pay the legal fees, or has this practice stopped ?

Thanks for your help.

kaff123, do you have an idea what your LTV is? Is it less than 80% or is it more than 90%?

Moving providers would be nigh impossible if you have a poor LTV (loan to value) ratio between your mortgage and your property so unless you know that you cannot meaningfully answer the rest.

Welcome to AAM Kaff123,

Can you answer the following so we can get a handle on your mortgage.
How much is outstanding on the mortgage?
What is the current value of the property?
Who is your mortgage with?

Some institutions pay the legal fees involved in switching depending on your loan to value.


[broken link removed]

Hi, LTV is about 86%,
So, I should have included that rate also, i.e.
(e). Flexible Variable (Over 80% LTV) APR 3.8% - rate 3.75%

Current Value of Property = €170,000
Outstanding Mortgage = €146,000
The mortgage is with First Active.

Thanks again.

With a loan to value of 86%, you will be limited to BOI and AIB.
They both have better rates that First Active are offering you.
The worry here is that when a valuation is carried out on your property it will come in at less than you think it's worth.
In the current market most people think their house is worth more than it is.

You may struggle to get a free legal switcher though. BOI offer one but the mortgage amount must be over €150k

the property supplement in the Irish Times on a Thursday or Friday shows a comparison of rates

keep in mind that variable rates are expected to go up by 1-1.25% next year on top on any ECB rate increases, if any,

decide on the type of rate, fixed or variable, and then choose your lender

Ok, thanks very much for the help.

sorry for piggy backing but in the same situ myself...

currently on variable of 3.65
outstanding 155k
value? who knows top of market 540...maybe between 350-400
ltv <50%

would like to get another good fixed rate but FA are not playing ball...

any ideas pls ?