Which bank should I go with for VR mortgage?

B

BOBSKINS

Guest
Hi, I have a decision to make tonight. KBC and ICS are both willing to lend me some money to purchase a house. There is very little between the VR interest rates at the moment. 4%(KBC) v 3.85%(ICS) = aprox €10 per month. Witch bank should I go with, the loan is over 25 years?
 
who do you think will charge the higher rates over time? you have to think about who controls the bank and what their future ambitions for the bank are
 
Kbc are profitable boi aren't as far as I know. I don't know what kbc's exposure to defaulting loans are but boi being part of the whole Nama thing speaks for itself. I understand that boi are owned at least 50% by Ireland inc. and kbc is owned by a crowd based in brussels. So the way it is now ecb rate @1% even with another cut both banks rates can only go one way. Ireland inc. will eventually need to be paid back the bail outs too. Need a crystal ball and a fortune teller.
 
Went with ICS in the end, aparently they will be taken over fully by boi soon and will reduce variable interest rates. Also KBC will sell their loan book in Ireland at some stage and leave. Tanks for the replies
 
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