Bank of Ireland are offering a mortgage rate of 4.7% to new customers only. They will not give it to current customers. I spoke with one of their mortgage advisor's and she said there was nothing she could do. So what will probably happen now is that I will move all my accounts from Bank of Ireland to a bank like NIB (National Irish bank) who offer better rates.
I know of people in business who have their business loans, business mortgages and home mortgages with the same bank. They are all linked so that can't negotiate a better deal. While it seemed a good idea in the beginning having everything under one roof (bank), it does reduce your negotiating strength, as for a small business to move to another another bank is a major undertaking.
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1 comments:
You are exactly right. I have noticed that people in Ireland seem to be scared to change their banks, cable, phone or any other service. It is almost like they think that if they don't like the new service their old service will not take them back and they will be left out in the cold.
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