Hello,
I have an Investment mortgage with Irish Nationwide Bank. I took out the mortgage with them 2 years ago as they were the only bank that would approve me at the time. Basically I was buying a new home and keeping my existing one therefore requiring an investment mortgage. INBS approved me for boh and took over my mortgage at pretty high rates. since they were the only bank that would approve me and I was getting a good enough deal on the house, I decided to proceed.
Anyways, my current interest rate on the investment property is 4.48%
Looking at their website, the Residential Investment Rate is 3.98% for properties where LTV is < 70%
When I took out the loan, the propert value was quoted at 350,000 and the mortgage was 240,000. I have rang the Nationwide and they tell me that I can write and apply for a review of the rate. My question is as follows: Can the bank quote fifferent rates to different customers ar are they obliged to give me the publicly quoted rate at the very minimum.
Any help here would be greatly appreciated.
Thanks,
PK.
I have an Investment mortgage with Irish Nationwide Bank. I took out the mortgage with them 2 years ago as they were the only bank that would approve me at the time. Basically I was buying a new home and keeping my existing one therefore requiring an investment mortgage. INBS approved me for boh and took over my mortgage at pretty high rates. since they were the only bank that would approve me and I was getting a good enough deal on the house, I decided to proceed.
Anyways, my current interest rate on the investment property is 4.48%
Looking at their website, the Residential Investment Rate is 3.98% for properties where LTV is < 70%
When I took out the loan, the propert value was quoted at 350,000 and the mortgage was 240,000. I have rang the Nationwide and they tell me that I can write and apply for a review of the rate. My question is as follows: Can the bank quote fifferent rates to different customers ar are they obliged to give me the publicly quoted rate at the very minimum.
Any help here would be greatly appreciated.
Thanks,
PK.