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Avant Mortgages

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  • 20-09-2020 8:35am
    #1
    Mortgage Question
    Banned (with Prison Access) Posts: 17 ✭


    Does anyone know if avant offer a cash lump sum to pay for legal fees if you switch mortgages to them?


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    #2
    ngunners
    Registered Users Posts: 595 ✭✭✭ngunners


    Mortgage Question wrote: »
    Does anyone know if avant offer a cash lump sum to pay for legal fees if you switch mortgages to them?

    I don’t believe so. They are extremely competitive on interest rates but a mortgage broker I spoke to told me they don’t do cashback offers.


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    #3
    Green Mile
    Registered Users Posts: 494 ✭✭Green Mile


    The lack of cashback option places other banks that do offer cashback In a competitive position still. Getting €3k cash back can outweigh the 1.95% interest rate in some situations.
    Also, you only get the 1.95% interest rate if you have a 40% deposit.


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    #4
    Mortgage Question
    Banned (with Prison Access) Posts: 17 ✭Mortgage Question


    ngunners wrote: »
    I don’t believe so. They are extremely competitive on interest rates but a mortgage broker I spoke to told me they don’t do cashback offers.

    Ok thanks, that rules out Avant then.


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    #5
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,036 Mod ✭✭✭✭Jim2007


    Mortgage Question wrote: »
    Ok thanks, that rules out Avant then.

    Because some random person on the internet knows more about their business than they do....

    Why not contact them and ask them what they can do, before dismissing them.


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    #6
    Mortgage Question
    Banned (with Prison Access) Posts: 17 ✭Mortgage Question


    Jim2007 wrote: »
    Because some random person on the internet knows more about their business than they do....

    Why not contact them and ask them what they can do, before dismissing them.

    I have, I'll ask them to confirm. But assuming they don't offer cashback I'm ruling them out. I might actually go to PTSB as my current account is with them, so less hassel moving, 2% cashback, and they are offering 2.5%.


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    #7
    JTMan
    Registered Users Posts: 5,538 ✭✭✭JTMan


    Jim2007 wrote: »
    Why not contact them and ask them what they can do, before dismissing them.

    You can't contact Avant directly. All business is via brokers.

    Based on the CCPC comparison and the Askaboutmoney comparison, Avant do not provide cashback.


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    #8
    banjostring
    Registered Users Posts: 41 ✭banjostring


    Avant definitely don’t offer Cashback or switcher money at the moment. I’m in the process of switching at the minute and when you take the €3000.00 offered by KBC to switch you will have approximately €1500.00 leftover after you pay your solicitor. In my case I am far better off going to KBC, fixing for 3 years & putting the leftover money off my principal. I will be paying a 0.3% higher interest rate for the 3 year term but will be ultimately better off at the end of the term.


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    #9
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I assume Avant won’t be offering selfbuild mortgages? Couldn’t see anything on their website but my feeling is they won’t. I know KBC don’t offer them either.


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    #10
    ablelocks
    Registered Users Posts: 4,696 ✭✭✭ablelocks


    i was talking to a broker about avant - there are geo-restrictions, possibly profession restrictions, no cash back.

    we'll be switching to KBC


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    #11
    banjostring
    Registered Users Posts: 41 ✭banjostring


    ablelocks wrote: »
    i was talking to a broker about avant - there are geo-restrictions, possibly profession restrictions, no cash back.

    we'll be switching to KBC

    Agree 100%. I’m just about there with KBC on the switch, should be complete over the next two weeks. Such a pity Avant aren’t offering the 3K cash. It would be great to lock in for 7 years at 1.95 as I can’t see it getting much better !!


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    #12
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    ablelocks wrote: »
    i was talking to a broker about avant - there are geo-restrictions, possibly profession restrictions, no cash back.

    we'll be switching to KBC

    What do you mean geo restrictions, are they only lending to Dublin and Cork regions as that is where their chosen brokers are based.


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    #13
    Geuze
    Registered Users Posts: 13,110 ✭✭✭✭Geuze


    Deleted User wrote: »
    What do you mean geo restrictions, are they only lending to Dublin and Cork regions as that is where their chosen brokers are based.

    Yes, main cities, see the discussion on AAM.


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    #14
    mcgrata
    Registered Users Posts: 2 ✭mcgrata


    don't touch them. I tried to switch for a small saving per month. LTV 40%. after 3 months of form filling they informed me I need a survey at my own expense because the house was more than 100 years old. Out of the Blue. I gave them pre purchase survey and they said they needed engineer signoff the works took place. I don't have them as the survey was advisory and didn't do the work. No mention of this until now. Now I can't switch but need to give my solicitor 1800 EUR for the work he has done.


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