Sadly the 90% ltv of the OP is way more valuable for them so I guess they are playing the numbers, unless of course your mortgage is still very large.I have a LTV of 30% with BOI and can't get better than 3.6% variable or 3.1% fixed for 3 years.
Yes, but to be fair a 90% LTV is also a much riskier loan.Sadly the 90% ltv of the OP is way more valuable for them so I guess they are playing the numbers, unless of course your mortgage is still very large.
I was shocked when they came back to me with 3.3 and I think it may well be to do with the fact I do all my banking with them and am a good customer.
And given that you were ready to switch it's worth something for them to lock you in for 3 years.The only reason the bank is offering you a variable rate at 3.3% and a 3 year fix at 3% is because they think these are equal in terms of expected value to the bank over the 3 years.
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