Will I keep my existing fixed or variable rate when my mortgage transfers?
Subject to final approval of the transaction, KBC customers with mortgages that are part of the transaction will migrate to Bank of Ireland on the same rate at the time of migration.
Please note: You will keep your current fixed rate and your current fixed rate period. If your fixed rate is due to come to an end you will be given at least 60 days’ notice in advance so you can consider your future rate options. Prior to your mortgage transferring to Bank of Ireland, KBC will issue this maturity letter and the options included in this letter will be honoured by Bank of Ireland. Once your mortgage account moves to Bank of Ireland, we will write to you before your fixed rate ends, outlining the rates available for you to choose from at that time.
What happens when I roll off my fixed rate?
About 3 months before your fixed rate period ends, we’ll send you a list of rates available for you to choose from. This list will also include a “one-time” variable rate which will be explained in more detail in that letter.
Will I keep my discounted mortgage rate when my account transfers?
Yes. KBC customers who benefit from a mortgage rate discount linked to the holding of a KBC current account will retain that discount for the duration of the mortgage or loan. You will not need to open a Bank of Ireland current account.
Will Bank of Ireland honour my KBC mortgage offer letter?
Yes. We will honour mortgage offer letters for as long as they are valid. Your mortgage offer letter from KBC will say how long your offer remains valid for.
For more information see the Guide to Next Steps which clearly outlines what is happening to all KBC products. This booklet can be viewed here.
Will I be able to view my mortgage account online?
Our online Mortgage Viewer tool gives you 24/7 access to view details like your current mortgage balance, payment schedule, current rate, mortgage end date, interest accrued (year-to-date) and mortgage account options. You can register for Mortgage Viewer when your account transfers to us. You will receive instruction on how to do this closer to the transfer date.