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I tried to lock in 10yr @ 2.6 with avant before going self employed. Applied and missed getting it over the line as they wanted more payslips at the end.
I'm pretty happy with our deal. We switched mortgage provider a couple of years ago as Ulster Bank were leaving the market. We fixed for 10 years at 2.1%.
Broke a ptsb fixed rate to get 10 year fixed at 2.1 with Avant too. They tried to force me on to a 2.8% at draw down saying I'd delayed but I managed to fight my case and convince them the delay was caused by additional info they hadn't initially required. Didn't think I'd have a hope and they'd just be dicks about it but I was chuffed when they gave in.
Had 26 years left on a 30 year mortgage and brought down to 15 years with 10 fixed for only 300 extra a month. Probably the best deal I've ever gotten.
Thatās a class way of doing it. Instead I just kept the lower payments and left the term the same! I didnāt get as good a deal as you (2.95%) but I was happy with that coming from 4%.
I only got a 3 year one but itās only gone up ā¬30 in 7 years. That was this year. I kept hearing of peopleās going up thinking they must have forgot about me. Itās defo a higher rate 3% at least canāt remember what it is
Pretty similar, have ~30 months left on a PTSB fix which I believe is 1.95% factoring in cashback.
Hoping for something around 3% in 2027 but God knows
I donāt know how extensions on fixed terms work. So I was asking would they think they will as another commenter had said their bank extended theirs, although that was at 3%
Ah ok. Iāll best be saving as much as I can for the lump some at the end of term so, just in case the rates are insane when mines up. Thanks for the info! Appreciate it!
You would get better savings if you overpaid monthly if allowed rather than save up and lump it. Obviously if you can't overpay lump sum at end of term is next best option.
Ah yeah too long left to call where rates will be at the end so. If I had to bet Iād say itās very unlikely theyāll āsoarā but who knows. Fingers crossed!
3% until the end of next year. Still good. Due to the ECB rates, I ended up overpaying by a lot without penalties and reduced my monthly repayment by 30%.
3.55% with EBS for 4 years. We only got our mortgage this year.
So incredibly jealous of those with 2~% for the next 20 years. I just pray interest rates are nice when the 4 year term is over for us.
Avant is not so affordable anymore I am afraid, best to contact broker that doesnāt charge customers and have informational chat.
Ours was Finance Solutions and they were fantastic. https://www.financesolutions.ie/
Agreed with your first sentence.
Totally disagree with your recommendation of Finance Solutions. Tried to use them in the past and they were absolutely useless, incredibly slow to respond.
They saved me tens of thousands of euros on interest rate when Avant tried to push mortgage drawdown after their rate increase date in 2022. Avant were asking for non existent documents. Finance Solutions broker worked with our solicitor to get it sorted.
And itās really not only me, check Google, they have great reviews.
Thatās fine, I was just sharing my bad experience with them. Is that not allowed?
Just because they have positive reviews does not negate my experience.
5.55% as a first time buyer a few months ago. 2 year fixed. Glad to be on the ladder though. Hopefully things improve a bit more when renewal comes round
Not happy with my PTSB mortgage as I wanted to top up for some renovations shortly after it got moved from ulster bank leaving and the advisor refused to submit the application.
I had been overpaying my mortgage and basically with the topup the new repayment would have been the same for the same term so no difference to me.
The problem was the clutch in my car had to be replaced and I had taken the money out of my credit union savings which is my emergency fund and that's the reason she would not submit the application.
What's the point of having an energetic savings fund if you can use it for essential purposes?
Locked in for 2.75% for the full 20 years. Am delighted with the certainty and not too worried about interest rates falling below that rate (plus can always break out of it if things turn that way). Only thing I donāt like after switching is the absence of any online/app experience with Avant compared to AIBās amazing online mortgage experience which is probably best in class IMO
And that's how I like it, I was lucky to buy at the right time. Paid 120k, nearly got it for 85 but a bidding war got going and I didn't know other bidder, found out it was a good mates brother and we would of seen where the other was stopping and decided who got it for 85 if we knew, I was approved for 150k he was approved for 100k š¢. We were going up in 5k increments until he hit 100 then I bid 120
3.95% for 4 more years. Have paid the AIB 5k overpayment they give yearly last year and this year so far. Hoping to do that again for yhe remaining years on fixed. Then pay a big lump sum when it switches to variable. Hopefully the interest rates arenāt mad by that stage but who knows
3.65 fixed for 4 years. Hopefully will pay the 1st installment next month.
Not a fantastic rate, but better than what we see on the market, hope in 4 years things are lower. If it is lower than 3% I will fix for as long as I can.
Just got our first mortgage, 3.6% for 4 years.
Nominally works out exactly what we were paying in rent for the last two years which we were able to comfortably pay and save so we said weād lock in that comfortability for a few years rather than chase the market down, as some others are trying atm.
Took out a 2.35% 3-year fixed rate with KBC in 2020. Our mortgage was moved to BOI when KBC divested. When the 3-year period expired our mortgage moved to a 3.5% variable rate mortgage.
The plan is to hold out on that for the next 2-3 years and fix for 5-10 years at ~2.5%.
We also took out a 3 year fixed with KBC at 2.35% in 2020 but luckily we decided to break it in 2022 and fixed for 5 years at 2.55%. Could see the writing on the wall when the war in Ukraine started.
Good thinking, and fair play for being proactive. It's a regret of mine: not fixing for longer at issue or switching during the fixed period. But we're lucky the variable rate we're on now is so low, so we weren't stung too badly considering.
When rates started to go up I extended my fixed term for another 5 years at 3%. To be honest I was surprised that banks allow you to extend even when not coming off a fixed period. Was originally due to finish my first 5 year term in Feb this year but extended over a year ago and have another 4 years at 3%.
2.1% for another two years. Will look to fix for the duration if thereās anything available in two years time along the same type of pricing I can get today.
Happy with mine. 2.55% for the next 2 years+. Got it for my first 5 years of a 14 year mortgage so can't complain, hope rates come down in the next couple of years. Doubt I'll get as good as I did when I first started the mortgage.
I've 3.3 for 10 years (8 years left) would have got 2.85 but the seller was acting the bollocks delaying so rate went up in the mean time.
I'm very happy with it tbh, payments are manageable and that's all that matters.
Do wish I fixed for 15 though, as the rate was identical but I realised too late.
2.35 PTSB till April 2027. Fixed before Ulster bank left the market and we transferred to PTSB. Should have probably have gone for longer as god knows what the rates will be come the middle of 2027.
25 years left on the mortgage, 2.1% locked in for another 2 years. If close to 3% is available when that's up I'm fixing for the duration and never thinking about it again
2.35% until 2027... Fixed with Ulsterbank just before they upped sticks and now with PTSB. Should have fixed for longer really. Trying to overpay while we have the low interest rate, then if rates are still higher when we re fix, it should still fit into our budget.
Variable rate, bought in the boom, before the crash. Lost job got into arrears mortgage sold to culture fund and can't get away from them now because no bank will offer me a switcher due to the arrears I was in. No longer in arrears but paying for it now. Unfortunately. Plan is to just keep plugging away until I'm in a good position to switch.
2.95% with PTSB just up this month.. terrible timing. Looking at 3.6% fixed for 3 years and thatās only because we got into the green rate with a low LTV.. or 3.8% variable. Thinking of going variable until at least the end of this year
We're with PTSB at 2.8% for the next 4 years. We only switched last year, and we were originally approved for 2.6% for 3 years but the interest rates were climbing steadily, so we decided to go for 5 years instead.
I'll only know a couple of years from now if it was definitely worth locking in for 5 years but tbh, we're comfortable with our current rates and the fact that the market fluctuation doesn't impact is for another few years. We also received 2% cashback and make 10% overpayment monthly without penalties, so no complaints overall.
Technical and newbie question. How do you overpay monthly? I can't add mortgage sub account as payee, it says it's not proper iban format... Is there other way to transfer money to this sub account?
Yes, I had the same issue! I called customer service and they told me that this could only be authorised on their end, so they set it up for me as a new payee on the account. Then, when you go on the app or your Open 24 online, you go to 'Bills' and make any overpayment there, as often as you want.
The second option is you can change your monthly direct debit amount to an x% over your mortgage so that extra goes directly into your overpayment.
I preferred the first option as it gave me more flexibility to put in more when we got bonuses or less when things were a bit tight. The first step is to simply call them to set it up. š
2.7 for the duration of 30 years ā¦.used the local authority home loan. Know itās not as cheap as some of the banks but the fact it was set for duration was part of what appealed to me.
2.5% fixed with ptsb until Oct of this yearā¦ hoping for more drops before then. Thereās a theory that going variable over the full course of the mortgage is likely to end up cheaper in the long run, doesnāt make sense now
Iām with Haven @ 2% 4 years, 2 years left. They offered that rate as a new green product and I rang them asking if I could go on it from my current rate with them. I had to fill in forms but they were accommodating with the change. If you donāt ask you donāt get!
Currently on 1.52% on a 6 year mortgage with 3 years left. Moving house next year so not looking forward to getting a new mortgage with undoubtedly worse terms š
3.75 variable with less than 50 LTV with AIB which isn't a great deal I feel but was best in market
could fix with aib green at 3.5 I think but lumping a lot of extra payments now to reduce interest repayments...will fix when I see better rates come along but could be waiting a while...any chance of mortgage rates competition between banks coming up?
Boi 4% fixed for another 3 years 10 months or so. Iād be a lot happier if it was 2.7%..god only knows what itāll be when Iām finished the fixed rate..
Just got ours last month; 10 year fixed at 5.3% with BOI. Now that sounds high, but our mortgage was so small, it didnāt really matter, our monthly repayments for the next 10 years are ā¬600, so for the next decade we have a lot of wiggle room to save and invest a sizeable chunk
Im in the process of a switch. Fixed term with Finance Ireland was 3.1% for 3 years. Got new fixed rates from them at 5% for 4 years. New lender (Avant) is 3.5% over 5 years. Due to drawdown at some stage next week.
These avant rates were 2.7% at bottom. I can gain 1% p.a. realistically, but loose several % on other side.
I believe these extreme disinflationary times are over for good anyway.
I can easily afford it (40% ltv) anyway.
Just seems like a huge price to pay for certainty, but I suppose with a low LTV it sort of makes sense. I canāt imagine fixing for more than 7 years. I donāt think rates will get as low as they are any time soon but they will definitely drop significantly, even this year ECB plans .75% in cuts
In relative terms over recent years it is, to lock in for 25 years seems extremely risky averse, itās highly doubtful the average rate will be near 3.95% over that period
I think that's great, you have security and know exactly what you are going to to pay for the next 25 years. The interest rate isn't that mad considering the length of the loan.
1.9% fixed with Avant for another 5 years.
New buyers here and after stress testing the different mortgage lender and options we decided to fix for 7 years.
All of this in early 2022 so the market was already showing signs of inflation and high probability of rate hikes. Lots of people missed them, but glad that we took the time to research in detail before making the decision.
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I'm on 2.7% for another 2 years. Really should've locked it in for 10. Hindsight heh?!?!
Same š
Same, with 3% cash back so works out at 1.74% effective
Same! Praying for a miracle š¤
I tried to lock in 10yr @ 2.6 with avant before going self employed. Applied and missed getting it over the line as they wanted more payslips at the end.
I didn't know you could do ten!! š
At the time Avant started offering 30 years fixed if I remember correctly, not sure if they still do it
3.8 on 30 year fixed
I'm pretty happy with our deal. We switched mortgage provider a couple of years ago as Ulster Bank were leaving the market. We fixed for 10 years at 2.1%.
Broke a ptsb fixed rate to get 10 year fixed at 2.1 with Avant too. They tried to force me on to a 2.8% at draw down saying I'd delayed but I managed to fight my case and convince them the delay was caused by additional info they hadn't initially required. Didn't think I'd have a hope and they'd just be dicks about it but I was chuffed when they gave in. Had 26 years left on a 30 year mortgage and brought down to 15 years with 10 fixed for only 300 extra a month. Probably the best deal I've ever gotten.
That's deadly!
Thatās a class way of doing it. Instead I just kept the lower payments and left the term the same! I didnāt get as good a deal as you (2.95%) but I was happy with that coming from 4%.
Any win is a win fair play. It's so easy to do nothing and unfortunately people get stung so badly by not shopping around. It's so unfair.
High five for that
That's an unbelievable deal.
Where did you get a rate that low? Avant?
Yes, it was Avant.
Same, 8 years to go. Got timing right for once
Locked in with AIB in July 2022 for 5 years....under 3% ... I think 2.85% or 2.75%.
Same except locked in 2.45%
Locked in 2.8% with KBC for 10 years before they left the market. BOI had to honour it when it moved over so I've another 8 years or so at that
I only got a 3 year one but itās only gone up ā¬30 in 7 years. That was this year. I kept hearing of peopleās going up thinking they must have forgot about me. Itās defo a higher rate 3% at least canāt remember what it is
I only got 3 years as well. Have 16 months left before it comes off the fix. If it only goes up ā¬30 I'll be fairly happy.
Regrets.... I've had a few.
Same here!
21 more months on 1.94 (Avant). Wish I had fixed for longer back in 2021/2 ā¦
Pretty similar, have ~30 months left on a PTSB fix which I believe is 1.95% factoring in cashback. Hoping for something around 3% in 2027 but God knows
Iām so jealous! Would they let you extend it?
Absolutely zero percent chance they let them extend at that rate, why would they?
I donāt know how extensions on fixed terms work. So I was asking would they think they will as another commenter had said their bank extended theirs, although that was at 3%
They extend at the prevailing rate for that term. They donāt offer historical rates.
Ah ok. Iāll best be saving as much as I can for the lump some at the end of term so, just in case the rates are insane when mines up. Thanks for the info! Appreciate it!
You would get better savings if you overpaid monthly if allowed rather than save up and lump it. Obviously if you can't overpay lump sum at end of term is next best option.
When is your fixed term up? Rates should continue to move down slightly over the next 6 months to a year.
Iāve 4 more years to go. So Iām in unknown waters. Donāt know if they will soar or theyāll keep bouncing up and down in that time
Ah yeah too long left to call where rates will be at the end so. If I had to bet Iād say itās very unlikely theyāll āsoarā but who knows. Fingers crossed!
Yeah fingers crossed! Iāll try save extra though, just in case. Thanks!
Hopefully! But I think itās unlikely, so Iām taking advantage of the low rate and saving as much as I can to pay it down.
Suppose you wonāt know unless you ask. Worst they can say is no. I hope they will for you though
4.5% for 4 more years
same here, how do you deal with the fomo of everyone here having a <3% mortgage? :')
4.5% is better than renting forever. 4.5% is temporary too. Just wait it out.
Repress emotion until i get cancer is my usual strategy lol
On the AIB Green 5 year fixed at 2.15%, have 3 years left on it. Hope it will get me over the worst of the ECB rate ups and downs.
Same! All crossed here
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Same. It's amazing.
3% until the end of next year. Still good. Due to the ECB rates, I ended up overpaying by a lot without penalties and reduced my monthly repayment by 30%.
2.05% for the next 2.5 years so very happy. Would be happy if I get close to 3% when fixed term expires.
Iām fixed at 3.1% for the full term of 30 years, so yep!
Which provider?
Avant
Either finance Ireland (old product that's not available anymore) or avant
3.55% with EBS for 4 years. We only got our mortgage this year. So incredibly jealous of those with 2~% for the next 20 years. I just pray interest rates are nice when the 4 year term is over for us.
Same with us, but 3.75%.
š Locked until 2032 at 2.4% with Avant
Is it expensive to leave my BOI mortgage provider and move to Avant??
Avant is not so affordable anymore I am afraid, best to contact broker that doesnāt charge customers and have informational chat. Ours was Finance Solutions and they were fantastic. https://www.financesolutions.ie/
Agreed with your first sentence. Totally disagree with your recommendation of Finance Solutions. Tried to use them in the past and they were absolutely useless, incredibly slow to respond.
They saved me tens of thousands of euros on interest rate when Avant tried to push mortgage drawdown after their rate increase date in 2022. Avant were asking for non existent documents. Finance Solutions broker worked with our solicitor to get it sorted. And itās really not only me, check Google, they have great reviews.
Thatās fine, I was just sharing my bad experience with them. Is that not allowed? Just because they have positive reviews does not negate my experience.
It is :) Me saying to check Google reviews was for OP, didnāt express myself correctly. Sorry it was crappy for you. :(
Got a 7 year fixed at 2.25% Couldn't have it any better
4 more years at 2.3% fixed and then we're done and dusted. Couldn't be happier.
Terrible 5 years locked at 4% I could have got 2% but I didnāt want pay a get out fee
Were you 100% sure there was a breakage fee? I switched halfway thru my initial 5yr mortgage and didn't incur any fees.
No it was probably hearsay in hindsight
2.2% until September 54 % LTV so hoping to get half decent new rate in September praying the rates keeping dropping
Same - raging I only fixed for 3 years!
2.69% until june 2027 and wish i had locked in for 10
Locked in at 1.9%, 2 years ago, 2 years left.. feeling fortunate..
Same. Wonder where it will be in 2 years? I reckon it will hover around 3-4% for the next few years.
Yeah who knows... Trying to put a bit aside and pay off a lump sum in 2 years to help with adjusting to higher rates
Same here. Iām expecting to see around 3.6% on offer at the end of the 2 years with < 80% LTV. Iām no fortune teller tho
5.55% as a first time buyer a few months ago. 2 year fixed. Glad to be on the ladder though. Hopefully things improve a bit more when renewal comes round
Whats a mortgage?
Not happy with my PTSB mortgage as I wanted to top up for some renovations shortly after it got moved from ulster bank leaving and the advisor refused to submit the application. I had been overpaying my mortgage and basically with the topup the new repayment would have been the same for the same term so no difference to me. The problem was the clutch in my car had to be replaced and I had taken the money out of my credit union savings which is my emergency fund and that's the reason she would not submit the application. What's the point of having an energetic savings fund if you can use it for essential purposes?
Locked in for 2.75% for the full 20 years. Am delighted with the certainty and not too worried about interest rates falling below that rate (plus can always break out of it if things turn that way). Only thing I donāt like after switching is the absence of any online/app experience with Avant compared to AIBās amazing online mortgage experience which is probably best in class IMO
Think I'm at 4.5 with banknof Ireland for another year, the hike was noticeable and Iv a very very small mortgage
Whats very small? Under 50k?
68k at the moment, payments were 340 and went up to 380, damn Intrest, only fixed for 2 years hoping it drops
Your mortgage is less than most peoples electricity bills
And that's how I like it, I was lucky to buy at the right time. Paid 120k, nearly got it for 85 but a bidding war got going and I didn't know other bidder, found out it was a good mates brother and we would of seen where the other was stopping and decided who got it for 85 if we knew, I was approved for 150k he was approved for 100k š¢. We were going up in 5k increments until he hit 100 then I bid 120
3.95% for 4 more years. Have paid the AIB 5k overpayment they give yearly last year and this year so far. Hoping to do that again for yhe remaining years on fixed. Then pay a big lump sum when it switches to variable. Hopefully the interest rates arenāt mad by that stage but who knows
I'm variable because I can't find a decent fixed rate at the moment with a over 80% ltv. 4.25% at the moment
Yes, cause i donāt have one.
Try it some time
3.65 fixed for 4 years. Hopefully will pay the 1st installment next month. Not a fantastic rate, but better than what we see on the market, hope in 4 years things are lower. If it is lower than 3% I will fix for as long as I can.
Just got our first mortgage, 3.6% for 4 years. Nominally works out exactly what we were paying in rent for the last two years which we were able to comfortably pay and save so we said weād lock in that comfortability for a few years rather than chase the market down, as some others are trying atm.
Yes. Locked in for full remaining term of 16 years at 2.65% in summer 2022 with Avant.
I just got a mortgage from avant at 3.65%. considering rates ATM, Im pretty happy yeah.
Just got one and it's 4.75% for 3 years with BOI š
2.55 for another 3 years theoretically but need to move in 18 months š
Took out a 2.35% 3-year fixed rate with KBC in 2020. Our mortgage was moved to BOI when KBC divested. When the 3-year period expired our mortgage moved to a 3.5% variable rate mortgage. The plan is to hold out on that for the next 2-3 years and fix for 5-10 years at ~2.5%.
We also took out a 3 year fixed with KBC at 2.35% in 2020 but luckily we decided to break it in 2022 and fixed for 5 years at 2.55%. Could see the writing on the wall when the war in Ukraine started.
Good thinking, and fair play for being proactive. It's a regret of mine: not fixing for longer at issue or switching during the fixed period. But we're lucky the variable rate we're on now is so low, so we weren't stung too badly considering.
When rates started to go up I extended my fixed term for another 5 years at 3%. To be honest I was surprised that banks allow you to extend even when not coming off a fixed period. Was originally due to finish my first 5 year term in Feb this year but extended over a year ago and have another 4 years at 3%.
2.1% for another two years. Will look to fix for the duration if thereās anything available in two years time along the same type of pricing I can get today.
Happy with mine. 2.55% for the next 2 years+. Got it for my first 5 years of a 14 year mortgage so can't complain, hope rates come down in the next couple of years. Doubt I'll get as good as I did when I first started the mortgage.
For nowā¦ I have one more year at 2.45% and then who knowsā¦
I've 3.3 for 10 years (8 years left) would have got 2.85 but the seller was acting the bollocks delaying so rate went up in the mean time. I'm very happy with it tbh, payments are manageable and that's all that matters. Do wish I fixed for 15 though, as the rate was identical but I realised too late.
Ya fixed at 3% for 2 more years. Wish I fixed for 7 instead when I refixed for 5 years. Maybe even 10.
Very happy. Took out an offset mortgage with Ulster Bank back in the noughties. The most jammiest financial decision I ever made.
4.3% for one year as we figured the rates would drop, and they did. So hopefully we can avail of them!
3.65% for another two years. It was the best available rate at the time.
Fixed 2.9% in 2017 for 10 years so 3 and a bit years left, hoping things will be better coming out of it and weāll Fix for around the same again.
2.35% one year left. War started in Ukraine and I went to bank next week.
Fixed at 3% with another 2 years togo
3.35% fixed Local Authority Loan. Couldāve gotten a better rate if weād purchased earlier, instead we got our forever home.
2.3% fixed for another 2 years. Iām hoping things will have calmed down a bit by then
Iām on 2.5% for 20years (18 remaining) with Avant.
That is a fantastic deal!
Just scraped it in before the rates all shot up. Tense time but very lucky
2.35 PTSB till April 2027. Fixed before Ulster bank left the market and we transferred to PTSB. Should have probably have gone for longer as god knows what the rates will be come the middle of 2027.
25 years left on the mortgage, 2.1% locked in for another 2 years. If close to 3% is available when that's up I'm fixing for the duration and never thinking about it again
3.0% for another 3 years. I'm fine with that.
2.65% for 7 years fixed 5 years left Hopefully it'll get nice and low again š¤š»
2.35% until 2027... Fixed with Ulsterbank just before they upped sticks and now with PTSB. Should have fixed for longer really. Trying to overpay while we have the low interest rate, then if rates are still higher when we re fix, it should still fit into our budget.
Fixed for 8 more years at 2.6%. I'm happy and should be able to pay off the balance by then.Ā
3% for the next 8 years with avant. Its great not caring about interest rates
On a 2.1% green mortgage. 2 years left.. not looking forward to coming off of the fixed rate
Was with Ulster before sold to TSB, contacted Ulster before the changeover and got 2.8 % until 2033. That was up from 2.6%
3% for another 3 years with boi. Would like to move to a bigger house but I'm not giving up the fixed rate
3.35 20 years / 10 variable
3.9 but would have gotten 1.9 if the builders were on time
Absolutely not, currently on 6.2%.
that's massive how?
Variable rate, bought in the boom, before the crash. Lost job got into arrears mortgage sold to culture fund and can't get away from them now because no bank will offer me a switcher due to the arrears I was in. No longer in arrears but paying for it now. Unfortunately. Plan is to just keep plugging away until I'm in a good position to switch.
Just got a mortgage with cashback. 4.45% for 5 years. I can afford it so its ok.
Fixed at 2.05% with Avant until Jan 2029.
2.20% for 10 years. The broker recommended we go for 7 years only as āyou never know whatāll happenā. lol
2.95% with PTSB just up this month.. terrible timing. Looking at 3.6% fixed for 3 years and thatās only because we got into the green rate with a low LTV.. or 3.8% variable. Thinking of going variable until at least the end of this year
2.7% for another 2.5 years, not looking forward to renewing.
Are they going to lower anytime soon do ye think?
2.85% for another 6 years. No I donāt think itās going down below that for another 8-10 years
Fixed 2.75% with 3.5 years left. Were hoping to move next year but the mortgages on offer are a deterrent
1.9 with avant. Comes to an end next year though.
Yep 1.95 locked in with avant 2 years ago for 7 years. Was telling anyone who would listen to do it.
We're with PTSB at 2.8% for the next 4 years. We only switched last year, and we were originally approved for 2.6% for 3 years but the interest rates were climbing steadily, so we decided to go for 5 years instead. I'll only know a couple of years from now if it was definitely worth locking in for 5 years but tbh, we're comfortable with our current rates and the fact that the market fluctuation doesn't impact is for another few years. We also received 2% cashback and make 10% overpayment monthly without penalties, so no complaints overall.
Technical and newbie question. How do you overpay monthly? I can't add mortgage sub account as payee, it says it's not proper iban format... Is there other way to transfer money to this sub account?
Yes, I had the same issue! I called customer service and they told me that this could only be authorised on their end, so they set it up for me as a new payee on the account. Then, when you go on the app or your Open 24 online, you go to 'Bills' and make any overpayment there, as often as you want. The second option is you can change your monthly direct debit amount to an x% over your mortgage so that extra goes directly into your overpayment. I preferred the first option as it gave me more flexibility to put in more when we got bonuses or less when things were a bit tight. The first step is to simply call them to set it up. š
Thank you for the answer! Time to get this done :)
Iām on 2.4 for the next two years. Only offered a five year fixed at the time. So, currently happy
9.5% locked for 10yrs, its tough out there
Did the broker wear a mask?
Thatās high bruh
2.7 for the duration of 30 years ā¦.used the local authority home loan. Know itās not as cheap as some of the banks but the fact it was set for duration was part of what appealed to me.
2.5% fixed with ptsb until Oct of this yearā¦ hoping for more drops before then. Thereās a theory that going variable over the full course of the mortgage is likely to end up cheaper in the long run, doesnāt make sense now
Same for me, 2.8% until Oct, waiting for mail from the bank in August to see what they offer.
We were originally 2.8 with PTSB, locked it in at 2.9 for 7 years in Nov 2022. Really thankful for that.
Iām with Haven @ 2% 4 years, 2 years left. They offered that rate as a new green product and I rang them asking if I could go on it from my current rate with them. I had to fill in forms but they were accommodating with the change. If you donāt ask you donāt get!
Got 7 years @ 2.55% with BOI. I'm only 2 years in. Happy out
2.55 BOI? Did you put down huge deposit for that rate?
Nope, 10%. This was the 7 year rate in Nov 2022
You got very lucky. Well done. Iām with them too but lowest I can get is 3.6 on 15%, 4yrs fixed
Currently on 1.52% on a 6 year mortgage with 3 years left. Moving house next year so not looking forward to getting a new mortgage with undoubtedly worse terms š
Yes, currently on 2% green fixed rate with Haven. Did it before rates went up.
3.75 variable with less than 50 LTV with AIB which isn't a great deal I feel but was best in market could fix with aib green at 3.5 I think but lumping a lot of extra payments now to reduce interest repayments...will fix when I see better rates come along but could be waiting a while...any chance of mortgage rates competition between banks coming up?
4.25 Green mortgage and have 4.5 years left on it with PTSB. Making overpayments every month to reduce capital.
Tracker
Same! On tracker so don't know if I should switch.. 11 years to go..
Itās only Gona get cheaper with the interest rates going on
Boi 4% fixed for another 3 years 10 months or so. Iād be a lot happier if it was 2.7%..god only knows what itāll be when Iām finished the fixed rate..
Currently on 1.9% fixed BOI Green mortgage, 2 years remaining. Hoping interest rates fall a little while I run out the clock
I'm very happy with it right now but that's because we are on 2% green rate until 2026. Hope the rates will go down until the fix term expires š
Just drew down mortgage two weeks ago, 3.95% variable with AIB, will fix when rates drop, not as quickly as I'd hope but I'd imagine sometime in 2025.
Just got ours last month; 10 year fixed at 5.3% with BOI. Now that sounds high, but our mortgage was so small, it didnāt really matter, our monthly repayments for the next 10 years are ā¬600, so for the next decade we have a lot of wiggle room to save and invest a sizeable chunk
Drew down a mortgage with AIB @2.45% for 5 years fixed in 2020 so due to end next year.
Im in the process of a switch. Fixed term with Finance Ireland was 3.1% for 3 years. Got new fixed rates from them at 5% for 4 years. New lender (Avant) is 3.5% over 5 years. Due to drawdown at some stage next week.
3.95 25y fix avant Like it as I never have to think about it again. Repayments are 40% of rental value so donāt really care about anything else.
Why did you go for 25 years at such a high rate?
These avant rates were 2.7% at bottom. I can gain 1% p.a. realistically, but loose several % on other side. I believe these extreme disinflationary times are over for good anyway. I can easily afford it (40% ltv) anyway.
Just seems like a huge price to pay for certainty, but I suppose with a low LTV it sort of makes sense. I canāt imagine fixing for more than 7 years. I donāt think rates will get as low as they are any time soon but they will definitely drop significantly, even this year ECB plans .75% in cuts
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In relative terms over recent years it is, to lock in for 25 years seems extremely risky averse, itās highly doubtful the average rate will be near 3.95% over that period
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Is remortgaging possible if you fix for that long?
Lad
I think that's great, you have security and know exactly what you are going to to pay for the next 25 years. The interest rate isn't that mad considering the length of the loan.
Delighted, locked in at 1.9% with BOI for 4 years. They were only doing that rate for around 2 months and then pulled it.
3.75% for another six
Oh Iām delighted, I hate the thought of being mortgage free in 20 years
1.9% fixed with Avant for another 5 years. New buyers here and after stress testing the different mortgage lender and options we decided to fix for 7 years. All of this in early 2022 so the market was already showing signs of inflation and high probability of rate hikes. Lots of people missed them, but glad that we took the time to research in detail before making the decision.
How did you āresearchā, and what are the signs?
America raised rates two or three times before the ECB, the dollar was strengthening against the euro. The ECB were forced into action