bank of ireland mortgages

Mrs_Huggett

Fixed rate repayment, rate ends next July.

dimbo61

Hi Mrs Huggett,
If you are not being charged any Early Repayment Charges to move your mortgage to another lender and being offered £1000 to move you may well get a better mortgage deal!
This depends on your LTV, income, term, Credit score etc
There are a number of fixed rate deals at 2.99% for 5 years but the fees can be over £1000.
time to speak to a " whole of market mortgage broker" for help getting the best deal to suit your needs
Good Luck

kingstreet

If it's the same as last year, you only get the £1,000 if you use L&C or go direct to First Direct. It depends what the letter this year actually says.

I wonder what happens to the Post Office mortgage borrowers when their initial rate ends? Is BoI trying to get rid of them too?

bwlv1

I have just come off a fixed rate with the Post Office, should i be expecting a letter soon, are they getting rid of all their mortgage business?

kingstreet

I don't know. I don't understand how they can be taking new business on one hand while shooing others out the back door.

Thrugelmir

kingstreet wrote: »

I don't know. I don't understand how they can be taking new business on one hand while shooing others out the back door.

BOI (UK) wasn't formed until 2010. So is independent of Eire head office. Same structure as Santander.

The UK operation is standalone (i.e. ringfenced) and complies fully with FSA / BOE requirements.

The Post Office's depositors provide the bulk of mortgage funding.

In total contrast to the main bank in Eire. Which has had to run down its balance sheet to comply with EU regulations. Like Lloyds in the UK.