Hi folks
I have 25 years left on a 30 year variable rate mortgage with EBS. My house is worth €350 and my LTV is 33%. From reading the very informative posts on AAM, it would appear that I would make significant savings on my mortgage if i switched to a tracker LTV <50. With this in mind I contacted EBS to enquire about remortgaging to a tracker mortgate and was advised that because I only borrowed less than €150K initially they would not be willing to allow the switch.
I was just wondering if any posters had similar experiences, and if I was given the incorrect advice ?, I have to say that I was disappointed with the lack of help I received from EBS on this matter, considering that I have both my mortgage, small loan, and savings account with them. Is this usual practice ?..... am half tempted to go with NIB but dont want to live to regret if if EBS demutulise in the near future and I miss out on a possible windfall .
Any advice ? thanks