KBC announces new fixed mortgage rates


Hey guys, let’s talk about KBC’s new ten year
fixed rate mortgage offers. Competition in the Irish mortgage market is heating up. Less than a week after AIB announced range of cuts to its fixed and variable mortgage rates,
KBC has responded by announcing that it will introduce a number of market leading ten year
fixed rates on October 2nd. Let’s take a look at the details. The headline offer from KBC
is a new 2.95% ten year fixed rate mortgage, which will be introduced on October 2nd and
will be available to new and existing KBC customers who have an LTV of under 60%. This
will be very appealing to customers who like the peace of mind of knowing exactly what
their mortgage repayments will be for a significant period of time. KBC is also introducing a
2.99% ten year fixed rate for customers who have an LTV of between 60% and 80% and a ten
year fixed rate of 3.5% for customers who have an LTV of between 80% and 90% – the vast
majority of first time buyers fall into this bracket and it will likely be very appealing
to any customers who like to have the peace of mind of knowing exactly what their mortgage
repayments are likely to be for a significant period of time. KBC’s response to AIB’s mortgage rate
cuts is a signal that there is competition in the Irish mortgage market, which means
it’s an important time to shop around to make sure you’re getting the latest great deals
that are available. All eyes will now be on the likes of Bank of Ireland, Permanent TSB,
Ulster Bank and others to see if they’ll react by cutting rates of their own. Thanks for watching the video guys. If you’re wondering how you can find the best mortgage rates for
you, whether you’re a first time buyer, you’re a mover or you’re looking to switch mortgages,
you can do so right now on bonkers.ie. As competition enters the market, it’s never
been more important to shop around before making that big decision of which bank you
go with for your mortgage.

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