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AIB Mortgage Rate Change?

  • 15-09-2018 6:57pm
    #1
    Conor.d2
    Registered Users, Registered Users 2 Posts: 32 ✭


    Hi there
    Ulster bank and KBC announced reductions in their fixed mortgage rates in June & July but AIB does not seem to have responded with a cut (yet). Does anyone know why this might be and/or is it inevitable that they will follow suit soon?
    Any insights or advice would be very grateful as Im looking to see how I can cut down my repayments which are astronomical
    Thanks
    Con
    Tagged:


Comments

  • #2
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Conor.d2 wrote: »
    Hi there
    Ulster bank and KBC announced reductions in their fixed mortgage rates in June & July but AIB does not seem to have responded with a cut (yet). Does anyone know why this might be and/or is it inevitable that they will follow suit soon?
    Any insights or advice would be very grateful as Im looking to see how I can cut down my repayments which are astronomical
    Thanks
    Con

    AIB has had bad fixed rates for some time while they have pretty competitive variable rates. I think it is a commercial choice on their part as they prefer having customer on variable rates.

    So I wouldn’t hold my breath about their fixed rates and if what you want is a fixed rate you should seriously consider moving your mortgage to one of the two banks you mentioned who have had better ones than AIB for quite a while (even before their latest announcement I believe).


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