I have just being checking my bank accounts online and noticed something strange on my mortgage account.
The interest rate is ecb + 1.25 % ( it was +1.1 since I drew down the mortgage - 2 yrs 9 mths ago). ecb is still 4%, isn't it?
Also there is 50 euro extra added on on the 31st dec, no reason given online as to what this might be.
It's a BOSI mortgage, so I'll phone halifax in the morning to see what's happening, but was there any announcements over xmas that I missed? I didn't receive anything in the post about the increase
Are you sure that the initial loan offer was not ECB + 1.1% but by the time you drew the mortgage down this had been revised to ECB + 1.25% or something? Was the mortgage drawn down in one go as opposed to being a phased drawdown self-build mortgage or something?
Are you sure that the initial loan offer was not ECB + 1.1% but by the time you drew the mortgage down this had been revised to ECB + 1.25% or something? Was the mortgage drawn down in one go as opposed to being a phased drawdown self-build mortgage or something?
Have just being going through the paper work and the +1.1% was a 2 year discounted rate. After that it was to move to the +1.25%
So the rate is correct at the moment.
Thanks for the reply.
Still going to phone to see why they added the extra €50