Switching mortgages - advice

gmisk · 31-03-2023 10:01am #1

Would really appreciate some advice.

Lucky enough to have paid a big chunk of morthage, not sure if it is worth my while switching? I know a lot of them give money back etc.

I am with EBS coming out of a fixed rate in June. Rates aren't great with them...but good variable rate of 3.3% if LTV under 50% (which I would be but need to pay for valuation)

I was considering PTSB who I bank with, rates seem good....I would usually like to fix.

I realize there is a bit of guess work involved!

redlough · 01-04-2023 9:20am

https://www.boards.ie/discussion/2058290517/switching-mortgages-advice

A lot of work.

I just moved because I was with KBC and refused to go to BOI. I was with them before and they are terrible,

Now a lot of people started around the same time as me but it took months to get done, I think I started to deal with AIB in Feb/March last year and ended up getting the mortgage in Nov.

Now I did all the work myself, but it is a huge amount of information you need to pull together. The signing of the documents by a peace commissioner etc was my own fault and wasted 3-4 weeks.

First off check how much a solicitor will cost, they are aware of the money and they normally like to take a big chuck of it. I got my solicitor to do it and he was 1k, but most are around 1500.....once you know how much that will cost you can make a better decision. But as I said expect to spend a lot of time gathering information, they want EVERYTHING you have and if married what your wife has

gmisk · 01-04-2023 9:37am

https://www.boards.ie/discussion/comment/120426411#Comment_120426411

Really appreciate the detailed reply.

Yeah I am not really in the headspace for that. I think I will just stick where I am and go for the variable LTV rate so will get ball rolling on a valuation.