BOI has launched above Mortgage. I think this is a very good step for people who ar not on A or B ratings. you could be C1 but would have to pay higher rates. This incentives people on much lower BER to at least do the Min (cheaper) energy upgrades to save on interest.
To me it feels like a Mortgage rate war has started. We might see other banks lowering their rates too.
@sicky12 I locked in a 20yr mortgage at a fixed 2.5% summer of 2022 just before the ECB increases. Gambling on them not falling back down too much but if they do it’s unlikely they’ll be that much lower.
@asurfpro Ooh I see. Yeah that BTL rate is quite different alright!
With my own case I'm hoping rates will trend downwards again in the next 2.5 years. If not then I may have a few bob together to pay off a little chunk. We shall see
@asurfpro That's the hope anyway! Let's see what happens. The solar panels last year brought the BER from B3 to A3 as well so let's see what products are available at that point
@soniagupta I fixed mine in December 2022 @ 2.65%, loweste available as a green rate. Missed a lower rate by weeks as the architect didn't get paperwork together in time.