First active mortgage switch

  • Thread starter diceyreilly
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diceyreilly

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I have a 1st active mortgage @ 3.53% on €97000 for next 14 years variable. Should i change to current accoiunt mortgage or tracker.Are there any cheap methods because of size.LTV 30%.thks in advance
 
The short answer is yes. You'll save substantially and your LTV will allow you a completely free switch to (for example) Ulster Bank. They don't even need to come in and value your house, they do a drive by valuation. Approach your current lender first though and see if they'll match what's available to you. If they do it'll be faster and easier on you, though to be honest the Ulster bank switcher process is painless and completely free (I was in a similar situation to you and I switched).
 
switchin myself and due to sign on mon...have 112k left 4 years into 25 yr BOI variable, at 3.6%, 622e per month. Ulster offering 2.95%, 522 per month over 25 yrs. But at end of both mortgage's pay back is 156k and BOI is 4 yrs quicker..?? am i missing something..?
 
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