KBC Bank Ireland has announced a cut in its fixed and variable mortgage rates.
These new mortgage rates will be available for new and current KBC mortgage customers.
New mortgage customers will be able to benefit from KBC’s new mortgage rates from November 1, while existing customers can apply from December 1, 2016, by submitting an up-to-date valuation of their property by a valuer approved by KBC.
The rates vary depending on the mortgage amount relative to the value of the home and will be available to first-time buyers, movers, switchers and existing customers.
Under the deal, an existing customer with a €250,000 mortgage on a variable rate of 4.25%, 20 years remaining and an LTV between 80% and 90% can save €98.19 per month on the reduced rate of 3.5%.
The bank said that all mortgage customers can continue to avail of the 0.20% mortgage rate discount where a KBC current account is maintained.
They are also offering €2,000 towards professional fees for all mortgage customers (switchers, movers, first time buyers and buy to let) and have extended their offer of 50% off KBC home insurance for all new mortgage customers in year one until December 31, 2016.