The ask Bandage about mortgages thread

281

90% for 2019.

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282

That’s grand when you’re building a mud hut in the 1980s. Not much use when you want to build or buy a house at today’s prices.

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283

Good stuff, were you a switcher to AIB or new application to take out the 2.85% over 5yrs? You weren’t tempted by 3.30% for 10yrs with them?

284

It’s the lads who buy dozens of pairs of trainers who have mud huts. I am sitting smugly with two pairs of trainers and no mortgage

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285

Ya, but you’re in your 60s.

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286

Should I pay off my mortgage early or save the cash for a 20% deposit should I want to upgrade in a few years?

287

If you are applying for a new mortgage you have to use the prevailing rate. If on a tracker you can use the tracker porting +1% for the balance for a ten year period. Any additional lending will be at the prevailing rate on offer.

288

Was an existing AIB customer on a variable rate. Will potentially be looking to sell the house down the line so didnt want to fix for ten years

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289

You know well that you should try sticking your thumb up your hole first.

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290

Two houses, no mortgages, you’d want to be a right mug not to have made a killing in the first property boom

291

Made a killing and only the 2 houses to show for it? Doesn’t sound right.

cc @balbec

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292

The second house is a bit of a pain in the hole in truth,

293

Anyone know anything about this crowd called Dilosk? They’re offering three and five year fixed mortgages at 2.55% and 2.60%. I’d say anyone else is 2.9 or 3.0% at best for five year fixed.

https://www.google.com/amp/s/www.rte.ie/amp/1073483/

294

Dilosk is the old ICS mortgages

295

They were on morning Ireland this morning if you want to listen back.

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296

Are you becoming a capitalist pig?

297

I don’t know anything about ICS mortgages, did these go bust?

298

Are rates likely to change much in the medium term? I’m currently locked in for another 12 months at 3.45%

299

The general feeling is the ECB likely to cut rates in the short term future. The fact that this new crowd are coming into the market below the current average price is a good indicator again towards that expectation, as you’d imagine they’d have all their in house nerds crunching the numbers and forecasting where the market moves.

300

I don’t think that’s outrageous, I pay something fairly similar on my 4 year with UB, or only marginally worse anyway.

1 Like