Hi
Long time reader first time poster!
I am in the process of getting a mortgage from BOI. We have deposit over 25%. The rates on offer are
1. 4% fixed for 1 year and then on to SVR of 4.5%
2. 4.3% SVR on the basis that the LTV is less than 75%.
The 4.3% seems the obvious choice if it stays that way over a number of years. Obviously there are no guarantees that it wont be increased to par with the normal SVR after a year.
Is there anyone who has considered this previously or could offer guidance?
Thanks
Long time reader first time poster!
I am in the process of getting a mortgage from BOI. We have deposit over 25%. The rates on offer are
1. 4% fixed for 1 year and then on to SVR of 4.5%
2. 4.3% SVR on the basis that the LTV is less than 75%.
The 4.3% seems the obvious choice if it stays that way over a number of years. Obviously there are no guarantees that it wont be increased to par with the normal SVR after a year.
Is there anyone who has considered this previously or could offer guidance?
Thanks