Mortgage - low fee for breaking fixed rate

You can get it from the SEAI website once you have your MPRN.

SEAI National BER Register

Brilliant, thank you. I had emailed the solicitor but didn't get a response, so presumed I was barking up the wrong tree there.

With the BER cert of B3, PTSB can offer us 2.8% for 5 years fixed. Still unsure if it's the best option. Really need to just make a call on it, and be happy with the decision regardless.

My solicitor requested mine from BOI nearly 5 weeks ago and no sign of them yet.

Stumbled on this thread today and said I'd give our current mortgage bank a call. We're currently on year 3 of a 5 year fixed at 3.1%. 2 minute phone call and they are sending out an offer letter with a revised "Green" 5 year fixed rate (2.8% - PTSB). No fee to refix.

Wondering if this really offers 5 years peace of mind or still subject to % fluctuations depending what happens in the wider economy?

No, i'm appplying to PTSB for thier 2.35% green rate so not under any pressure apart from the chance of them increasing the the interest rate while waiting.

To be fair to PTSB they have been quite quick in the process, the longest delay is waiting for the Deeds.

A 2% tracker is not of any real value.

At the end of September the rate will almost certainly be 2.75% (ECB 0.75%), at the end of December the rate has 80% chance of being 3.25% (ECB 1.25%) and a near certainty of 3%

Ulster absolutely will allow you move rates and I'd be getting the entire amount fixed at 2.8% for 10 years.

It will simply take a phone call.

Is it normal for your old solicitor to have the deeds or generally the banks have the deeds themselves?

We're only just looking into this now, so apologies for probably stupid questions. We're coming to the end of our fixed term (bought house 3 years ago) and I'm trying to determine if we should be doing anything or not. Currently with Permanent TSB on 2.9% interest rate finishing up a 3 year fixed term in 3 months. So stupid questions:

1. Is there anything we should be doing now to get the best rate we can? Should we get a valuation maybe? I'm guessing it'll have increased since we bought it.
2. We went with the possible term (35 years) originally to keep payments low as we had some work to do on the house. We're planning on paying more towards this this now - is there any major difference between sticking with the longer term and overpaying vs going with a shorter term this time around?

Do you think interest rates will come back down if there is a recession? How long has it historically taken to come into effect once there's a recession?

Hi all. I'm currently with EBS on a fixed rate of 3.23%. this term is due to finish next January. I'm very conscious of the coming rate hikes and I'm wondering what's the best option for me? I like being in a fixed rate as I like to know what my exact outgoings are every month. Would it be wise to contact them now before the ECB raise rates? What response could I expect from them?

I switched to the green rate without a fee as did somebody else, I'm unsure why thery don't enforce their charge as they reserve the right to charge it per their terms. I didn't even mention the fee and neither did they. Switched and never had any fee afterwards. I only did it as somebody else said they also didn't get charged, wasn't going to bother before I saw that post. Hopefully you have a B3 BER to get 2.1%!

A result. Was that through EBS phone support or your branch?

Anyone know when the higher interest rates will become effective in the Irish market?

Have been doing the AIB online application process and Im at the request for funds stage and my solicitor has sent in everything and it’s logged online - but seems like they are being suspiciously slow to actually let me drawdown.

Oh good I was wondering were we a few days from them withdrawing that rate and they were stringing things out.

It’s a frustratingly slow process. Will be delighted to have the low rate locked in but I’ll be equally happy not have to think about mortgages for a few years.

Your broker should have told you to keep it simple.

Avant have had an absolute deluge of applications. Once everything matches their fairly strict criteria, it is smooth, but still takes 6-8 weeks.

Anything even slightly different and it goes though a different process.

Remember, they want near zero arrears on their mortgage book. By being very pernickety they are able to pass the substantial savings from having no arrears to customers. (I saw an ulster bank case where a €380k loan had over 200k in legal and receiver fees which the bank had to write off in addition to only getting €310k for the house)

So looking for a top-up and a separate loan in addition to moving mortgage just raises flags. You should have simply put the main mortgage switch through and then look for separate finance for additions. Remember a top-up is not a a top-up, it is an entirely separate loan that is usually designed to have a similar end date to a main mortgage. But its an entirely standalone agreement in itself. - But if in your case you are taking a balance from one bank, then adding 50k and looking for a mortgage from avant for the combined total, it is a single loan, but is not a straightforward transaction as they will need to be sure that the extra finance is for doing work on the house and even then as the expenditure ahs not occurred, they may be wary.

Bad broker imo.