Calculation of LTV on mortgage

K

KatieC

Registered User
Messages
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I would like to calculate the LTV on our mortgage:-

Start of mortgage - May 05
Value of house at that date - 257,000
Loan - 236,000
Present Value - 320,000
Amount Outstanding 31/12/07 - 201,939.00
Last payment date 20 July 2027
Rate ECB + 1.10% AIB


Thank you
 
Update
I have just contacted my bank and got the rate reduced from 5.10% to 4.75%
Its not a big reduction, but better in my pocket than theirs!
 
You did well if they follow through on that offer! A saving of about 41 euro a month - almost 500 a year. Just shows - no harm at all in asking for a reduction or switching if you get no joy. With thousands of people sitting on higher rates - it's no wonder the banks are making so much profits.
 
Thanks. I have asked for my new rate and payment in writing from them, just have to put my request in writing first.
Strange thing is that they are using the value as per Feb 05 when when we first got the mortgage and would only change it if I got them a valuation in writing from an estate agent, but since using the Feb 05 figure, I'm still under 80% LTV, that wont be necessary.

I also scolded the nice man at the call centre for not contacting me to inform me that we were entitled to a lower rate. Well it would make for a happier customer!
 
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