P Protocol Registered User Messages 4,885 4 Aug 2015 #1 BTL mortgage on house in small town in west of Ireland. Purchase price = 180-200k, some recently sold in estate for 85k Mortgage balance = 130k approx. No arrears, but in neg equity. Rate = 4.5% I think (posting on behalf of friend), maybe higher. I think the answer is no, but is there any chance of switching to avail of a lower rate?
BTL mortgage on house in small town in west of Ireland. Purchase price = 180-200k, some recently sold in estate for 85k Mortgage balance = 130k approx. No arrears, but in neg equity. Rate = 4.5% I think (posting on behalf of friend), maybe higher. I think the answer is no, but is there any chance of switching to avail of a lower rate?