i am just coming out of a 2year fixed mortgage and the interest rate im getting quoted from my bank is 2% higher which is a big increase for me. i have tried other banks and am not having much luck, one bank says I must own 80% of my home, I only own 90% and giving the exact same details I gave my bank 2 years ago (when I got a 92% mortgage of 200,000) I am only being offered 90,000 max now(this is from a number of institutions). how can this happen in such a short time. does it mean my bank were crazy giving me the money in the first place or are all banks being extremely cautious at the moment?
have I any other options or do I jus have to pay the higher rate to my bank because I cant avail of other banks' lower rates.?
have I any other options or do I jus have to pay the higher rate to my bank because I cant avail of other banks' lower rates.?