Irish Indepdendent: Last lender to pull switcher deals

We were pleased to get a mention in Saturday’s Independent in an article by Charlie Weston about KBC Bank removing their switcher deal, our quote that appeared is below.

Operations director of Irish Mortgage Brokers Karl Deeter said EBS and KBC would still accept switches but no longer offer an incentive. EBS dropped its switcher offer last year.

“This is the final death knell of loan incentives in the mortgage market. Now, far from wanting your business, banks want to find ways to turn you away or charge increasingly higher rates,” Mr Deeter said.

He said switching offers and fixed rates were going to be the victims of this year’s mortgage market. “The last switcher offer just died, and fixed rates are being whittled away.”

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