Two banks have special funds for FTBs , these are AIB and BoI . Funding choices are limited for other buyers and FTB choices are limited from other banks .
An FTB normally gets a 1 year discount before the pay the real rate . The real mortgage interest rate in Ireland at the top of the boom was about ECB + 1.2% which translates into a rate of 2.2% nowadays with the ECB rate @ 1% .
However banks are now north of ECB+1.5% in the main with some at ECB+2.5%
We would like people currently in the market to tell us
- Offered rates and bank
- Date of Offer and ECB rate on that date ( all in graphic here and in text elsewhere fixed rate column )
- If a discount is offered , what will the rate be after discount ( 1 or 2 year discount )
- FTB or STB ( no investment mortgages please , not in this thread anyway )
So your reply post should look like
- 2.0% BoA
- 24/4/2009 1.25%
- 0% Discount
- STB
I will summarise a bit once we have some data .