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Mortgage choice between AIB and BoI

mazza · 2012-10-29 15:19:09

Any views on whether there is an real strategic advantage to taking out a mortgage with one of the two 'pillar' banks (AIB and Bank of Ireland) over the other? Assuming you had a loan approved in principle from both, current interest rate, T&Cs etc were the same in both. Somewhat hypothetical, but you get the idea. For…

29-10-2012 3:19pm

#1

mazza

Registered Users, Registered Users 2 Posts: 223 ✭✭

Join Date: January 2003

Posts: 177

Any views on whether there is an real strategic advantage to taking out a mortgage with one of the two 'pillar' banks (AIB and Bank of Ireland) over the other?

Assuming you had a loan approved in principle from both, current interest rate, T&Cs etc were the same in both. Somewhat hypothetical, but you get the idea.

For example, BoI is in much better shape than AIB currently, may not be as quick to raise interest rates on variable mortgages etc. Counter argument would be that both will charge what the market can bear, only be as competitive as they need to be. And so on...

I suspect I'm overthinking this and that the current interest rate etc is the most important, but just to see if anyone has a view on this?

TIA,

Mazza

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