Current thinking on best mortgage types?

irishpancake said:
Not sure if NIB or AIB pay these contributions, so it may be worth your consideration.
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Was just down with NIB and they will offer to pay 600 towards solicitor fees or you can use their one for free and they said they'll pay 100 euro for a professional valuation. The only thing that really worries me is that the loan is "subject to a 2% interest sensitivity test." Does anyone know what this is, and what are the charges I can expect from other institutions including BOS.

NIB's LTV loan looks interesting and seems extremely popular, with the majority of a 51 % increase in mortgage business since it's introduction in October down to this product.

It's offering a tracker (before their ECB increase on Wednesday) of 4.08%. Seriously thinking of switiching as it seems to be the most competitive rate around.

The loan would be about 50% of mortgage over 12 years. Is this a no brainer?
 
AFAIK, the test is....if interest rates go up by 2%, would your income still mean you mortgage was = or less than 30% of your disposable income.

Think you can probably check this yourself using one of the links to a mortgage calculator here.
 
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