Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Mortgage with EBS or PTSB

Options
  • 14-07-2015 11:53am
    #1
    newbie85
    Registered Users Posts: 121 ✭✭


    Hi all, just wondering if anyone can offer any advice on which bank to go with for our mortgage?
    We've got approval from both for a loan of 217600 with 54400 deposit, so 272000 in total with a 33 year term for both. EBS variable is 3.95%, PTSB is 4%.

    4 year fixed with EBS is 3.75% and with PTSB is 3.9%. Not sure what the 5 year fixed rate in PTSB is but in EBS it's 3.8%.
    Only thing PTSB has going for it is that they give €1000 back for your legal expenses, which would be handy since ours are around €5000.

    Has anyone any advice on which lender is better to deal with?


Comments

  • Options
    #2
    fyfe79
    Registered Users Posts: 4,199 ✭✭✭fyfe79


    I'm with PTSB for the last 10 years (on a tracker for the last 8) with no hassles.

    Though for you, I'd imagine the extra 0.05% or 0.15% interest that PTSB will charge (compared to EBS) will over the life of the mortgage exceed the €1000 legal expense pay-out offered by PTSB, making the EBS with their lower rate more attractive. Still, if you're stuck for that €1000 in the short-term...


  • Options
    #3
    newbie85
    Registered Users Posts: 121 ✭✭newbie85


    Thanks for your reply.Went with EBS in the end, our rate for 80% LTV was 3.75, so it was a no brainer then! better fxed rates too


Advertisement