Hi,
I am contemplating switching my mortgage.
There is €85,000 left on it (12 years) and it's on a variable rate (3.85 %). The LTV is well below 50%, probably about 33%. Financially is it worth my while bothering as switching fees could possibly cost between €1500 - €2000. Would I cover that in interest savings over the remaining term of the mortgage?
Also, would another bank even consider taking it on?
Any advice?
Thanks.
D
I am contemplating switching my mortgage.
There is €85,000 left on it (12 years) and it's on a variable rate (3.85 %). The LTV is well below 50%, probably about 33%. Financially is it worth my while bothering as switching fees could possibly cost between €1500 - €2000. Would I cover that in interest savings over the remaining term of the mortgage?
Also, would another bank even consider taking it on?
Any advice?
Thanks.
D