Changing Mortgage Provider

[Fifitrix]

Hi, I had my mortgage rate fixed with IIB and it has expired. They are quoting me a rate of 5.24% for 1 year fixed up to 5.45% for fixed rate up to three years.

I am thinking of changing providers, can anyone recommend a broker? This is my first time to change provider so can someone advise me are there costs involved and if so who pays them?

Also is there any mortgage companies that give you, say, 6 months payments free if you decide to take time out to travel, have a baby etc?

Thanks

 

[Ravima]

do a search here for brokers or phone a few banks/providers directly. Before you do so, be sure of the LTV as the lower the LTV, the lower the rate.

SOme providers make a payment towards the change of lender.

There is no such thing as free payment breaks - you must pay in the end and a break of a month is simpy spread over the term of the loan, thus not economic in my view.