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New fixed rates out on Tuesday!

If you're looking for a short term fixed rate in the 2/3 yrs range keep an eye on BIM (Bank of Ireland Mortgages) on Tuesday. They've got some great deals coming out especially in the easyswitch range.
I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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Comments

  • Any sneak preview of rates??!!
    RIP independent MSE.
    Died 1st June 2012
  • Sorry I've been busy and not had chance to pop-in.

    The deals I was referring to are:

    1. fixed rate at 4.55% (APR 6.50%) until 31/12/2007. It comes with a free valuation and free legals, no arrangement fee or booking fee. Up to 10% overpayments allowed. 3% penalty if mortgage is repaid before the end of the fixed rate. Mortgage discharge fee £195.

    2. fixed rate at 4.55% (APR 6.40%) until 31/12/2008. It comes with a free valuation and free legals, no arrangement fee or booking fee. Up to 10% overpayments allowed. 3% penalty if mortgage is repaid before the end of the fixed rate. Mortgage discharge fee £195.

    3. 2.05% Discounted rate with a payrate of 4.54% (APR 6.50%) until 31/12/2007. It comes with a free valuation and free legals, no arrangement fee or booking fee. Up to 10% overpayments allowed. 3% penalty if mortgage is repaid before the end of the fixed rate. Mortgage discharge fee £195.
    I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • I can't seem to see that rate on their website yet; is there a maximum LTV ratio (I'm about to re-mortgage and I think mine's probably just over 96%!)?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Maximum LTV is 95% - but don't forget the HIgher Ledning Charge at that level also.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • martinmarv wrote:
    I can't seem to see that rate on their website yet; is there a maximum LTV ratio (I'm about to re-mortgage and I think mine's probably just over 96%!)?

    There's no higher lending charge for loans below 85% LTV. As far as I'm aware it's not a brokers only deal so it should be on their website. I know we're quoting it.
    I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Here are all the rates on the site . Which ones on here are in the easyswitch range ?
    Homeloan Variable Rates

    Standard Variable Rate
    Rate 3.6%
    APR Annual Homeloan 3.6%

    6 Month Discount Variable (New Customers)
    Rate 2.49%
    APR Annual Homeloan 3.6%

    12 Month Discount Variable (New Customers)
    Rate 2.69%
    APR Annual Homeloan 3.5%

    12 Month Homeloan Discount Tracker 69# rolling to Tracker 130
    (New Customers)
    Rate 2.69%
    APR Annual Homeloan 3.3%

    Homeloan Tracker 95
    (New Customers)*
    Rate 2.95%
    APR Annual Homeloan 3.0%

    Homeloan Tracker 105
    (New Customers)**
    Rate 3.05%
    APR Annual Homeloan 3.1%

    Homeloan Tracker 110
    (New Customers)***
    Rate 3.1%
    APR Annual Homeloan 3.1%

    Homeloan Tracker 130****
    Rate 3.3%
    APR Annual Homeloan 3.3%



    Back to Top

    Homeloan Fixed Rates

    1 Year Fixed (New Customer)
    Rate 2.75%
    APR Annual Homeloan 3.6%

    1 Year Fixed (Existing Customer)
    Rate 3.5%
    APR Annual Homeloan 3.6%

    2 Year Fixed (New Customer)
    Rate 3.39%
    APR Annual Homeloan 3.6%

    2 Year Fixed (Existing Customer)
    Rate 3.39%
    APR Annual Homeloan 3.6%

    3 Year Fixed (New Customer)
    Rate 3.49%
    APR Annual Homeloan 3.6%

    3 Year Fixed (Existing Customer)
    Rate 3.49%
    APR Annual Homeloan 3.6%

    4 Year Fixed
    Rate 3.69%
    APR Annual Homeloan 3.7%

    5 Year Fixed
    Rate 3.85%
    APR Annual Homeloan 3.8%

    10 Year Fixed
    Rate 4.49%
    APR Annual Homeloan 4.4%

    20 Year Fixed
    Rate 4.99%
    APR Annual Homeloan 5.1%




    Notes
    Typical APR calculations are based on the cost per month on a €100,000 mortgage over 20 years.
    35 Year term is available to first time buyer only.
    Repayment figures per €1,000 apply for fixed period only.
    The qualifying criteria for some new business Tracker rates are LTV and Loan Amounts.
    # Discount available for 1 year only rolling to ECB repo rate + 1.30% - 3.3% at today’s ECB repo rate after 12 months.
    * The Qualifying criteria is a Homeloan greater than €200,000 and a LTV less than 60%
    ** The Qualifying criteria is a Homeloan greater than €500,000 and LTV is not applicable
    *** The Qualifying criteria is a Homeloan greater than €250,000 and an LTV greater than 60%.
    ****The Qualifying criteria is a Homeloan less than €200,000 and an LTV greater than 60%.




    CCA and Central Bank Notices

    Bank of Ireland Mortgage Bank trading as Bank of Ireland Mortgages is regulated by the Financial Regulator
  • I'm talking about Bank of Ireland in the UK not in Ireland in euros. Is that where you got those rate from?
    I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Just my luck! If only I had waited another couple of weeks, my BOI mortgage I am currently taking out is 4.85% for 3 years. I phoned them to ask if I can have this new rate of 4.55% but they said it is too late as it has almost now gone through:mad:

    Sue
  • I'm talking about Bank of Ireland in the UK not in Ireland in euros. Is that where you got those rate from?


    Yes sorry ! Do you have a website addy?
  • I think this is the UK site:
    http://www.bim-online.com

    Downloadable PDFs here
    http://www.bim-online.com/customer/new_customer.asp
    and here
    http://www.bim-online.com/broker/products.asp

    However, the 3.49% rate quoted earlier in the thread must be a typo?
    [edit: Ah I see now. All the rates in that post above were for Ireland, not the UK!]
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