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AIB vs Irish Nationwide: the best ones for mortgages?

Fergananym · 2010-09-18 18:43:36

Hi there, Sorry for the double posting, but perhaps it might be a good idea to discuss this on a separate thread. The question is as follows: I have a loan offer from Irish Nationwide and another one from AIB. INBS's is 3 yrs fixed rate on 35yrs and AIB's is LTV 80% variable on 30yrs. It turns out that borrowing…

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18-09-2010 7:43pm

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Fergananym

Closed Accounts Posts: 2 ✭

Join Date: September 2010

Posts: 1

Hi there,

Sorry for the double posting, but perhaps it might be a good idea to discuss this on a separate thread. The question is as follows:

I have a loan offer from Irish Nationwide and another one from AIB. INBS's is 3 yrs fixed rate on 35yrs and AIB's is LTV 80% variable on 30yrs. It turns out that borrowing approximately 300k with INBS is going to cost 40k more than with AIB. What is the reason for this, is it that AIB used an APR of 3.53% over the 30 years while INBS calculation is based on a 3.35% for the first three years and a 3.75 for the rest?

Which of these two loan offers would you recommend?

Thank you in advance.

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