KBC have a 3 year fixed rate of 2.3% and cashback of 3K (but would require we open a current account with them) KBC and Bank of Ireland on the other hand are offering three-year fixed rates at between 2.95% to 3.10%, and five years at 3% to 3.35%, whilst KBC have a market leading 10-year fixed rate 2.95% and 3.5%, again depending on the loan to value. Irish banks are offering very competitive rates to consumers looking to switch their mortgage. Total repayments of €48,024 over 3 years That is a reduction in repayments of €2952 over 3 years. Bank of Ireland – Cashback/Cashback Plus: get 2% of your mortgage back in cash upfront plus an additional 1% if you stay for five years. Remortgaging Cashback Offer The following are a sample of what is available from the Bank if you switch or change your Mortgage from one Bank to another or chose a particular Bank for your first Mortgage. Withdrawal of Mortgage Tax Relief at Source (TRS) Qualifying mortgage loans will no longer receive TRS from 1 January 2021. €12,000 over the 20 year term. When you switch to us you’ll get 2% cashback on your mortgage at drawdown. The cashback mortgage deal was introduced by the Bank of Ireland and was later adopted by all major lenders. KBC is offering €3,000 towards legal fees, and Ulster Bank is offering €1,500. It costs nothing to switch your mortgage. Mortg is approx 165k House value is 340k Term left is 28 yrs Currently with AIB Rate is 2.95% Avant is 1.95% which i think is best rate on market. As a thank you for taking your mortgage with us… If you have an AIB home mortgage with us, we’ll waive the maintenance and transaction fees* on the current account you use to pay your mortgage. Now offering fixed rates from as low as 2.8% fixed for 3 years (LTV <60%) when you take up their current account discount offer too. Only mortgage payments made by Direct Debit or Internal Standing Order from an Explore Account will get the 2% cashback monthly. Rates start from 2.25% . Sometimes mortgage rates drop so much that it can be worth paying to get out of your current mortgage deal to switch to a new one at a lower rate. Bank Offer Permanent TSB 2% cash back after drawdown AIB €2,000 within two months of drawdown Ulster […] 3000 euros switch offer Solicitor Fees 1200 approx Valuation 127 euros Left with approx 1500-1700 after fees approx Seems if we didn't have the 1% Cashback from BOI still to collect then switching to KBC would be very competitive. I have started the process of switching mortgage to KBC where I can get 3.3% (or even 3.1% if i move my current account too). And now, you also get 2% cashback on your monthly repayments until 2027, when you pay from an Explore Account. KBC announced fresh fixed rate cuts this morning, turning up the heat on their rivals! Hi, I am currently with TSB on a rate of 3.9%. The bank has reduced a number of … KBC reduces fixed mortgage rates by up to 0.55%. How to switch to a current account with KBC. ... KBC Bank and Bank of Ireland offered three-year fixed rates at between 2.95% and 3.10% and five-year fixed rates at between 3% and 3.35%. We look forward to saving you money for years to come. AIB (who we are currently with) brought their 5 year fixed green mortgage down to 2.35% (our LTV is around 70%) and are now offering cash back of 2K for switchers. KBC – will pay €3,000 towards legal fees (which should be only €1,250 all in) and are offering a 10 year fixed rate of 2.95% based on a low loan to value and moving current account to them. We’ve helped lots of people switch to us. There are even cashback incentives being offered by mortgage lenders to get your business. The aforementioned Ulster Bank will pay €1,500 cashback on mortgage drawdowns, while KBC offers €1,500 on its three, five, and 10-year rates. To qualify for the EBS Back-in-Cash Mortgage Offer. EBS gives 2% cashback to all new mortgage customers and another 1% after 5 years. There’s never been a better time to switch to permanent tsb. KBC Bank has announced new lower mortgage interest rates for customers. well 15 and counting and nothing has happened. Reasons to switch mortgage lenders ... Switchers are offered substantial cashback incentives. They also offer the lowest variable rates and a commitment to allow you always avail of the lowest rate you qualify for. ... AIB is currently offering €2,000 in cash to anyone who switches their mortgage to the bank. And then there’s a slightly rarer breed: the serial switcher. Repayment mortgage of £160,000 over 25 years, representative APRC 4.7%. Others are lured by cashback. Example 1 – Cashback Switching to Bank of Ireland at 3% for 3 years fixed with 2% cashback.. Repayments will be €1334 a month. These mortgage holders rapidly surf from one Switching your mortgage is a lot less hassle than you might imagine. THE mortgage war continues to heat up as KBC is to reduce its fixed rates by up to half a percent, it has been announced. KBC – €3,000. Lenders formerly sought to encourage debtors to switch much less often via implementing a clawback on their cashback offers. How do I switch mortgage lenders? The lender has announced reductions of between 0.20% and 0.30% to its 3 and 5-year fixed mortgage … At first they ask you for 2 proofs of address and 2 photo ID's, but than after you provided it there are at least … This calculator tells you what rate you’d need to get to make it worth it, factoring in early repayment charges and other … No cashback. You must be a mortgage customer who is a first time buyer, a mover, or is switching a mortgage loan to us. “KBC offers €3,000 cashback to switchers; for someone with a €75,000 mortgage, this is 4% cashback,” said Joey Sheahan, head of credit at MyMortgages.ie. If you are paying over 3% on your mortgage, it is time to search around! In this example, the customer would also receive €3,000 cashback from KBC for switching. Some people switch mortgages to get the most favourable rate. The balance remaining after 3 years will be €212,937 – which is €1330 less than it would be by continuing with the current mortgage Your monthly mortgage repayment must be made from a permanent tsb Explore Account and meet qualifying criteria. EBS – 2% Back in Cash offer. The new KBC rates will be available to you from the 3rd of April, great news for people paying too much interest with their current mortgage provider - now's the time to switch! KBC gives €3000 to mortgage switchers only. Some of KBC’s other accounts can only be opened in a hub or over the phone, so check the requirements on the KBC website. More information can be found on Revenue’s website www.revenue.ie or by calling the TRS Helpline 01 738 3663. AIB give €2000 to switchers. PTSB also offers 2% cash back for new customers. PTSB – 2% cashback at drawdown and 2% cashback monthly. Some banks, such as BoI, are offering up to 3% cashback for new mortgage customers which can come in handy. Permanent TSB – 2% cashback. The short answer is yes! Most mortgage providers extend money towards legal expenses. So there are options. We make switching as simple and straightforward as possible. Ulster Bank offers €1500 towards legal fees for all new customers. Avail of rates as low as 2.2% fixed for 5 years. Ulster Bank – €1,500 plus free valuation. Repayments: 12 months of £602 at 1% (fixed), then 288 months of £896 at 4.74% (variable). He said that every mortgage holder should review their mortgage every three to four years, regardless of whether they are interested in cashback. PTSB – 2% cashback at drawdown and 2% cashback monthly. Digital Desk. KBC – Get €3,000 if you drawdown by 31 st December 2020. Everything you need to know is here. You must draw down the mortgage loan between 1 January 2019 and 31 of December 2021. Savings could be more or less depending on the size of the mortgage and the person’s current rate. ... in some cases banks will provide a cashback incentive to those who switch or a contribution towards the legal fees." 2% cashback monthly will be paid until 31/12/2027. Can I switch my mortgage to another bank? KBC – Get €3,000 if you drawdown by 31 st December 2018. AIB – €2,000. You can view your mortgage account and get your up-to-date balance through Internet Banking and our App. Even though they have 3k switch offer themselves , most is eaten up by solicitor fees. Up to €3,000 cash back for switching your mortgage to the best mortgage rates in Ireland. Bank of Ireland – Cashback/Cashback Plus: get 2% of your mortgage back in cash upfront plus an additional 1% if your stay for five years. Moving your mortgage to AIB may give you more flexibility such as: Saving on monthly repayments Reducing your term Less paperwork. Hi, I am deliberating whether to switch to Avant or to KBC. You can switch products online, call us on 0800 056 1088 or go into your local branch where our team of expert Mortgage Advisers will be happy to help. While this may seem attractive in the short term, always remember the interest rate. This change in rate would result in a savings of approx. Read a … Recently KBC introduced a 10 year fixed rate, they are not the first back to have done this, in the past other banks had them but their prices were high, the difference today is that you can get a 10 year fixed rate mortgage for below 3% and that means it’s worth considering. Switching current accounts may seem like a chore, but KBC makes things easy. this switch was supposed to last 5 to 10 days. Download KBC Salary Cert Form If you were to switch to a mortgage with a rate of 3% with the same term and amount, the monthly repayments would drop to €1,110 and the total cost of credit would be just over €66,000. EBS – Up to 3% Back in Cash offer. Call us today 01 8327250 . Mortgage Switch KBC Banking & Insurance & Pensions. Mortgage savings can also be made by switching terms, perhaps moving from a 30 year term to 25 years. It also offers cashback on certain bills that are paid by direct debit as well as a 2% cashback on monthly mortgage repayments, once the mortgage is with the bank and paid from the Explore Account. Open an account with KBC; Complete a switch form and choose a switch date. 15 days ago I started switch from my current bank to kbc bank. 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