D
dire
Guest
Hello there,
I was wondering if someone should shed some light for me.
I am coming off a 3 year fixed mortgage with BOI next month, current rate is 5.15%.
I don't think I am going to switch providers as I am in negative equity so my LTV isn't in the 92% range that most of them ask for.
I also heard that a lot of the banks will add on higher rates for people in Negative Equity to try and accumulate their loss, however AIB and BOI cannot do this as part of the bailout agreement.
My question am I right in assuming this? Has anyone been in the same boat? I tried looking at previous threads but could not get anything concrete out of them.
I am waiting for a confirmation letter form the bank but thought I would see if anyone else has any opinions.
Thanks,
I was wondering if someone should shed some light for me.
I am coming off a 3 year fixed mortgage with BOI next month, current rate is 5.15%.
I don't think I am going to switch providers as I am in negative equity so my LTV isn't in the 92% range that most of them ask for.
I also heard that a lot of the banks will add on higher rates for people in Negative Equity to try and accumulate their loss, however AIB and BOI cannot do this as part of the bailout agreement.
My question am I right in assuming this? Has anyone been in the same boat? I tried looking at previous threads but could not get anything concrete out of them.
I am waiting for a confirmation letter form the bank but thought I would see if anyone else has any opinions.
Thanks,