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19-02-2020, 09:50   #316
KilOit
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So expecting much bigger cuts from that article. I'm in the process of moving to 2.2. I'd say it'll go below that within a year or 2"but I'm not waiting around, I'll switch after 5 years with UB
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24-02-2020, 10:48   #317
ando
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https://www.rte.ie/news/business/202...ortgage-rates/

I switched to AIB a few months ago and fixed at 2.85% for 5 years. Am I wasting my time ringing them up and request to move to the 2.5%? I presume moving from one offer to another within the same bank will not mean solicitor fees and re-evaluation of finances?
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24-02-2020, 12:27   #318
gmisk
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https://www.rte.ie/news/business/202...ortgage-rates/

I switched to AIB a few months ago and fixed at 2.85% for 5 years. Am I wasting my time ringing them up and request to move to the 2.5%? I presume moving from one offer to another within the same bank will not mean solicitor fees and re-evaluation of finances?
I wonder if ebs will do same rate change?
No solicitors fees if same bank as far as I know just a breakage fee though if you on a fixed rate
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24-02-2020, 12:28   #319
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Originally Posted by ando View Post
https://www.rte.ie/news/business/202...ortgage-rates/

I switched to AIB a few months ago and fixed at 2.85% for 5 years. Am I wasting my time ringing them up and request to move to the 2.5%? I presume moving from one offer to another within the same bank will not mean solicitor fees and re-evaluation of finances?

prob be a break fee. be prepared for whatever they say that is.
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24-02-2020, 14:21   #320
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Originally Posted by ando View Post
https://www.rte.ie/news/business/202...ortgage-rates/

I switched to AIB a few months ago and fixed at 2.85% for 5 years. Am I wasting my time ringing them up and request to move to the 2.5%? I presume moving from one offer to another within the same bank will not mean solicitor fees and re-evaluation of finances?
I was also on the 5 year fixed @ 2.85%. I called AIB and requested information on switching, they sent me a letter confirming the proposed changes and what fees would be involved. There was no cost to move to the 2.5% green, I just had to provide them with the BER cert.

I think it's now changing to 2.45% also so you may want to query that - but there's no harm ringing to get this letter confirming any costs.
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24-02-2020, 14:23   #321
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I was also on the 5 year fixed @ 2.85%. I called AIB and requested information on switching, they sent me a letter confirming the proposed changes and what fees would be involved. There was no cost to move to the 2.5% green, I just had to provide them with the BER cert.

I think it's now changing to 2.45% also so you may want to query that - but there's no harm ringing to get this letter confirming any costs.
How much did your BER cert cost? I got an initial one done to ensure the BER would be what we wanted ( it’s more BER guidance) before the House was built but not at the end!
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24-02-2020, 14:50   #322
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How much did your BER cert cost? I got an initial one done to ensure the BER would be what we wanted ( it’s more BER guidance) before the House was built but not at the end!
It was a new build in 2019 so our solicitor had a copy of the BER cert. Just a heads up to anyone looking at this, I initially provided AIB with a screenshot of the details from the BER register on SEAI.ie but this wasn't accepted. It has to be the cert itself.
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24-02-2020, 16:08   #323
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I had 6 months left on a 3yr fixed term at 3.2%. I fixed again for 3yrs at 3.0% saving me €10 a month (better than nothing I guess) I could have fixed for 2yrs at 2.9% and saved €20 a month but rather have the slightly longer fixed term.

It cost zero to break the fixed term.

As can be seen above, I came out of fixed term and changed to a new rate and fixed again for 3 years last April. I'm with BOI and I realise they haven't reduced their rates like AIB, KBC etc but I'm sure they probably will at some stage in the near future. Can I do the same again?
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24-02-2020, 17:30   #324
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I have 3 years left on a 4 year fixed rate at 2.6%, my breakage cost was €2.4k with UB. I'll stay put.
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24-02-2020, 17:42   #325
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Ptsb still very expensive ��
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24-02-2020, 22:56   #326
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The funding rate that banks pay have dropped about 0.5% in the last few months.

This is what they use to work out breakage fees. A lower rate unfortunately means a higher breakage fee.
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25-02-2020, 00:24   #327
Millem
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The funding rate that banks pay have dropped about 0.5% in the last few months.

This is what they use to work out breakage fees. A lower rate unfortunately means a higher breakage fee.
AIB don’t use this formula
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25-02-2020, 08:51   #328
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AIB don’t use this formula
i believe they do now.

check on askaboutmoney
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25-02-2020, 13:28   #329
Millem
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i believe they do now.

check on askaboutmoney
They use the old way. I got my breakage fee yesterday.
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25-02-2020, 14:26   #330
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The funding rate that banks pay have dropped about 0.5% in the last few months.

This is what they use to work out breakage fees. A lower rate unfortunately means a higher breakage fee.
Where could one track this rate? Is it released publicly?
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