I was hoping someone could help me as don't trust the bank to tell the truth!We are drawing down a mortgage which we are receiving in stage payments. We have 2 stage payments yet to draw down. Our mortgage is with AIB. When we got the mortgage they told us that we had to go on the variable rate, until the mortgage is fully drawn down. Is this true? Does anyone know why? We would like to change it to the 5 year fixed rate which seems quite good at the moment and don't want to have to wait until it shoots up.
Any knowledge appreciated.
Thanks, Nina.
Any knowledge appreciated.
Thanks, Nina.