KBC Bank Ireland enhances mortgage offering for customers

28/04/17

29th April 2017: KBC Bank Ireland has announced a number of enhancements to its mortgage offering that will benefit a range of customers. The changes are part of KBC’s commitment to offer long term value to customers and giving them options to lower their monthly repayments and help them reduce the costs associated with the mortgage process.

KBC’s enhanced mortgage offering comes as research from the Central Bank of Ireland into switching behaviour shows just 4% of mortgage customers moved their loan to a new lender, while 6% had changed their product with their existing bank. Over eight out of ten have never considered moving their mortgage for one reason or another.

The enhanced KBC offering aims to provide new and existing home buyersmovers and mortgage switchers to get better long term value on their mortgage. From Tuesday, 2nd May, KBC Bank will lower its 2 year, 3 year and 5 year fixed mortgage rates. As a result, customers (80%-90% LTV) can fix the interest rate on their mortgage from as low as 3.10% for three years. The competitive new rates will be available for both new customers of KBC, and current KBC mortgage customers, whether on a variable rate or at the end of an existing fixed term rate. 

All mortgage customers can continue to avail of the 0.20% mortgage rate discount where they hold a current account with KBC (and mandate their salary to that account)

In addition, homeowners who make the switch to KBC to save on their mortgage repayments will benefit from a €3,000 contribution towards their costs of switching their mortgage. The contribution is open to any customer who switches their mortgage to KBC before September 30th 2017.
KBC is also extending its 50% off KBC Home Insurance offer in year one on all new KBC residential mortgages for first time buyers, switchers and movers until September 30th 2017.

Darragh Lennon, KBC Bank Ireland Director of Products, said: “At KBC Bank we offer some of the most competitive mortgage rates in the market. We want to continue to offer great long term value to customers by lowering our fixed mortgage rates further. We also recognised that switching your mortgage can be daunting and are offering those who want to move their mortgage to KBC €3,000 that can be used to help with some of the costs associated with making the switch. Our team is on hand to advise home buyers and home owners, and we are confident that first time buyers, switchers and movers will find our mortgages offer the best long term value available.

“We have been independently recognised as offering the best value in the market by recently winning the Best Value First-Time Buyer Mortgage, Best Value Switcher Mortgage and Best Value Current Account at the inaugural bonkers.ie Awards.”

To meet demand, KBC Bank has been running a series of mortgage events in its 15 hubs around the country, where customers are receiving up to the minute advice and tips on the mortgage application process.

To further support customers, KBC’s Mortgage Lounge returns to Cork for a second year running on 25th May 2017. Bringing together mortgage, legal and property advisors under one roof, the event aims to give first-time buyers an understanding of the mortgage process from beginning to end in an easy, accessible format. Free to attend, the Mortgage Lounge is open for registration now by emailing events@kbc.ie. Experts will be on hand to discuss changes in the market, including the latest Central Bank rules and requirements for First Time Buyers and recent tax rebate introduced by the Government.

For further information on KBC’s mortgage offers see www.kbc.ie, call 1800 51 52 53 or visit any of KBC’s 15 hubs around the country.