Permanent TSB vs IIB

S

shank

Registered User
Messages
17
Hi all,
I'm currently in the process of getting a 35 year tracker mortgage with either permenant TSB or IIB. Now they both offer the same tracker rate, so I'm just wondering who would be the best to go with? Which one offers the better service and any auxillary features? Cheers
Shank
 
Re: Permenant TSB vs IIB

I would lean towards ptsb as they offer a full suite of banking services and this may prove useful in the future.

I have no experience of customer service in either place.

Since we drew down our mortgage nearly 2 years ago, we have had no need to contact our mortgage provider, so customer service post drawdown wouldn't seem to be much of an issue (if you're lucky)
 
Re: Permenant TSB vs IIB

i know a few people who use the ptsb banking side and are very impressed, the iib is more on the business but i know people who use them and have good things to say also,

we are leaning toward ptsb because of there personal banking side.
 
Hi guys,
thanks for the responses. I was actually leaning towards IIB myself because they offer the option of going interest only for 3 years (just in case times got bad!), however I will reconsider. Cheers
Shank
 
Hi Shank
I deal with both IIB and Permanent TSB and I find both of them very professional. The Interest only side with IIB is one option to consider,
but you have to remember that after the 3yrs it reverts to the standard capital & repayment plan, where repayments would be made over the remainding 32years.

Paraic@obreinfinlay.ie
 
Thanks for that Paraic. I was under the impression that the 3 years of interest only could be invoked at any time during the term of the mortgage. Thanks for letting me know
 
shank said:
Thanks for that Paraic. I was under the impression that the 3 years of interest only could be invoked at any time during the term of the mortgage. Thanks for letting me know
Click to expand...

It is - you have a total of 36 months which you can take (either in one go or split as you wish) at any time during the mortgage. You can also take a top up loan with IIB for up to €20,000 (€25,000?) with no legal fees or outlays.

Sarah

www.rea.ie
 
Sarah W said:
You can also take a top up loan with IIB for up to €20,000 (€25,000?) with no legal fees or outlays.

Sarah

www.rea.ie
Click to expand...


Sarah, would there be implications relating to Mortgage Protection, if one was to take up the top-up, say €15K?

tia
 
Only in that you'd need to take out cover for the top up amount. If you are taking a new mortgage and there is a real possibility that you'd top up within (say) a couple of years it might be less hassle to take a bigger protection policy at the outset. Depending on the premiums - one policy is likely to be cheaper than two as you're paying two policy fees.

Sarah

www.rea.ie
 
You must log in or register to reply here.
Menu
Log in
Register