AlastairSC
Registered User
- Messages
- 357
Advice appreciated from the wiser heads here:
We're on 4.2% SVR with KBC (I know, I know). Repayments €945, currently overpaying at €1400 p.m. Mortgage outstanding €113k, valuation €255k so 45% LTV. Asked about lowering our rate and they said no problem, offering 3.2% or 3% if I switched current account.
They call this an LTV mortgage. Will I be stuck with this rate once I'm on it and rates are lowered elsewhere? I see a clause that seems to say this. Isn't it the same as variable?
Should I try for AIBs 2.75% rate? This means switching banks. Joint mortgage; ages 55 and 56; currently 13 years to run though paying it down fast; public service and self-employed.
Thanks in advance.
We're on 4.2% SVR with KBC (I know, I know). Repayments €945, currently overpaying at €1400 p.m. Mortgage outstanding €113k, valuation €255k so 45% LTV. Asked about lowering our rate and they said no problem, offering 3.2% or 3% if I switched current account.
They call this an LTV mortgage. Will I be stuck with this rate once I'm on it and rates are lowered elsewhere? I see a clause that seems to say this. Isn't it the same as variable?
Should I try for AIBs 2.75% rate? This means switching banks. Joint mortgage; ages 55 and 56; currently 13 years to run though paying it down fast; public service and self-employed.
Thanks in advance.