Yeah, unlike KBC and UB, AIB don't allow existing customers to switch to a lower LTV bracket during the term of a loan. That may be a material consideration depending on a borrower's circumstances.
Have they said this to you while you are applying for the mortgage or while you are an existing customer?
Hi @Brendan BurgessI have had some correspondence with AIB on this recently. I have confirmed via email that once the mortgage amount reduces, you can request in writing to switch to a lower LTV rate.
Wonder should I get in touch and ask about it; who in the bank would you actually ask about this?
(I used the line that we were thinking of switching elsewhere).
Call or email AIB mortgages direct. That's who I was talking to.This is interesting; I'd be in a position to move AIB bands if they allowed it. Wonder should I get in touch and ask about it; who in the bank would you actually ask about this?
I'm not sure if you have to. I mean, I just asked if it was possible if I choose to take a mortgage with them. She didn't attach any conditions to it. They would be mad to refuse, because I think they know the people who would be enquiring about moving LTVs bands are also the people who keep an eye on the rates.Great stuff.
It's a pity that you have to threaten to move.
Brendan
Great stuff.
It's a pity that you have to threaten to move.
Brendan
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