Drivetime RTE: Mary Wilson speaks to us about mortgage rates, 22nd May 2015


  1. matt s

    Took Karl’s advice to contact our lender and contacted PTSB about switching to a NEW BUSINESS 3 year fixed rate which Karl assured us was available. Wow – how foolish we felt waiting for a change in rates when it was just there waiting for us all this time. We have an existing variable rate mortgage with a LTV of c.70%. They said that the new business fixed rates did NOT apply to existing customers. Our fixed rate offer would be 7.9% !!!! Would he care to clarify his comment in this radio interview or did they tell him something different from what they told us.

    • Karl Deeter

      Hi Matt,

      I had checked that with BOI, AIB and KBC. I had asked one of the brokers upstairs and they said that they had gotten a person a new biz fixed rate who wasn’t new biz. In your case it seems they wouldn’t do that so my suggestion would be that you can achieve the savings via a re-mortgage at your LTV and you can get 3.55% (assuming you qualify for the loan) and you’ll get €1,000 towards the fees of switching. Unfortunately it will be more than a phone call, but the savings ought to be significant, hope that helps.

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