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Bank of Scotland Switcher

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  • 03-03-2006 10:46am
    #1
    Crubeens
    Closed Accounts Posts: 132 ✭✭


    Thinking of switching my mortgage over from PTSB to the new Bank of Scotland switcher. BOS is offering a discounted tracker of 2.7% (dependent on ECB rate) for two years and then you go back to the standard 3.25%, if you're borrowing less than 75% of your Loan to Value.

    They'll also pay for you legal fees to switch over - has anybody done this yet? And PTSB charge me for switching?


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    #2
    sweetie
    Registered Users Posts: 9,791 ✭✭✭sweetie


    Crubeens wrote:
    Thinking of switching my mortgage over from PTSB to the new Bank of Scotland switcher. BOS is offering a discounted tracker of 2.7% (dependent on ECB rate) for two years and then you go back to the standard 3.25%, if you're borrowing less than 75% of your Loan to Value.

    They'll also pay for you legal fees to switch over - has anybody done this yet? And PTSB charge me for switching?

    I think you'll find they only pay 1000 towards legal fees. What are these anyway? Is it similar to when you first buy a house.

    PTSB shouldn't charge you if you are on a variable rate only if you fixed.
    Also RBoS tie you in for a minimum of 5 years or you get charged fees if
    you leave them.


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    #3
    Crubeens
    Closed Accounts Posts: 132 ✭✭Crubeens


    Not sure how much the fees are - I checked out the situation and they will pay €1000 towards fees if you're using your own solicitor, but if you use their own team of solicitors they'll pay the full amount.

    I had to make a quick decision so ended up staying with PTSB and fixed for two years - took the peace of mind option


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