KBC wins best mortgage for switchers at the 2021 bonkers.ie National Consumer Awards held virtually on the 25th February. 

KBC Ireland has been awarded Best Mortgage for Switchers at the bonkers.ie awards beating off stiff competition. The award recognised the lender which has offered the best service to customers switching mortgage provider in 2020.

KBC Bank Ireland’s Head of Credit Products, Conor McGowan said: “We are delighted that our switcher mortgage offering was once again recognised at the 2021 bonkers.ie National Consumer Awards. We know that consumers want a change from the status quo in Irish banking and insurance and we represent that positive change providing people with the choice they are looking for. Our first-class, efficient and seamless offer is supported by our team of financial experts. In 2020,we saw really strong mortgage lending and grew our market share to 12.6% despite the COVID environment and we continue to experience a high level of new customer applications across all customer segments including First Time Buyers, Movers & Switchers.”

KBC recorded mortgage lending of €1.05 billion in 2020 as first-time buyers, switchers and movers sought to make savings on new and existing mortgages. In the final quarter, over 1500 customers drew down €386 million of mortgage lending, up 30% quarter on quarter and the strongest quarter on record since the start of the retail bank in 2013.

Customers switching their mortgage to KBC will receive €3,000** cash back to help cover the costs of their professional fees.  In addition, KBC offers first time buyers and movers a €1,500* cash incentive designed to support mortgage expenses such as legal and valuation fees.

At the start of the pandemic, KBC adapted its lending processes  giving customers the choice to apply for a mortgage over the phone and the focus is now to bring more new and innovative solutions for mortgage customers.  Most exciting is the launch of a new digital mortgage offering, giving a unique choice to customers looking for a quick, robust mortgage approval in principle from the comfort of their couch or through our hubs and contact centre.

*A contribution of €3,000 towards your professional fees (legal and valuation costs) is available subject to the following conditions. A fully completed Private Dwelling House (PDH) application form is submitted to KBC before 30th June 2021. KBC subsequently approve your mortgage application and you draw down the mortgage within the availability period set out in your Letter of Offer; You are switching the mortgage on your existing property to KBC from another lender, it is your principal private residence. The payment of the contribution will be made by electronic transfer within 30 days of the drawdown of the mortgage to the account (KBC or otherwise) from which the monthly mortgage repayment is or will be paid. The contribution is not available (i) in respect of buy to let properties, (ii) where you are a first time buyer or a moving home and/or (iii) where you are availing of our tracker mover product. We reserve the right to amend, modify, cancel, withdraw or change the terms on which this contribution is available at any time at our sole discretion.

**A contribution of €1,500 towards your professional fees (legal and valuation costs) is available subject to the following condition. A fully completed Private Dwelling House (PDH) application form is submitted to KBC on or before 30th June 2021. KBC subsequently approve your mortgage application and you draw down the mortgage within the availability period set out in your Letter of Offer. You draw down the full amount of the mortgage on either a 3, 5 or 10 year fixed interest rate (or a combination thereof). You are a first time buyer or are moving house and it is your principal private residence. You do not exceed the maximum Loan to Value and/or Loan to Income thresholds required by the Central Bank of Ireland. The payment of the contribution will be made by electronic transfer within 30 days of the drawdown of the mortgage to the account (KBC or otherwise) from which the monthly mortgage repayment is or will be paid. The contribution is not

available (i) in respect of buy to let properties, (ii) where you are switching the mortgage on your existing property to KBC from another lender and/or (iii) where you are availing of our tracker mover product.