Originally posted by
BronsonTBThread title might have a better impact as more a 'warning' rather than a 'do not' post.
If a potential switcher reads the threads here first they can make a more informed choice.
The rate to switch might be attractive for the savings to begin with but then they will need to offset that with the hassle to actually get setup etc as per OP.
Most but not everyone will have the same hassle as the OP as one other reply has pointed out.
Using a PM is sometimes worth sending if wanting more advice from the OP on a thread.
I am willing to answer any queries via pm. I will also update once this concludes.
The rates offered by KBC were good but in hindsight, the extra small % difference between them and nearest competitor was not worth the hassle.
The issue regarding the new re build figure was an unexpected one although not unique to KBC I'm sure. Our house now has to be insured for a rebuild value of €180,0000 MORE than it cost us to build six years ago. This means that a portion of the interest rate savings is being eaten up by a higher home insurance quote.
Our last evaluation was done in 2015, when the valuation put it at at higher sale value but kept rebuild value the same as per the first valuation done in 2011 when house was completed.
A complete joke using the "national average" re build rates. The new valuation was conducted by a KBC appointed estate agent.
We have had four visits to our solicitor, three of those instances was to sign the loan offer. First one that was signed was calculated incorrectly, second one needed to be recalculated again and the last two are because the previous offers expired as KBC seem to only notice they need something else as it goes to close.
It's a shambles, if you're anyway impatient/hate paperwork/ not really fond of visiting your solicitor on a weekly basis - then consider this carefully.
Again, to reiterate, this is a straight forward mortgage swap, nothing of interest or concern. Broker told us it would close in max 8 weeks..that was 15th May....exactly 23 weeks ago today.