I'm planning to do the multiple mortgage switches and have applied to several banks. As we don't have 6 months history of saving we are failing the stress tests for the higher rate variable rates and can only get accepted for the fixed rates.
I've read on here it should be fine so long as rates don't change to break out of a fixed rate straight away. Just wondering if anyone had experience with this, particularly for BOI?
I've read on here it should be fine so long as rates don't change to break out of a fixed rate straight away. Just wondering if anyone had experience with this, particularly for BOI?