Reducing mortgage rate without moving lender

GeneralZod

Registered User
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1,198
I've just had a good experience with AIB.

My outstanding mortgage is just below 50k and it was on a the standard variable rate of 3.3%. Inspired by similar reports on AAM I sent AIB a letter asking to be converted to their home owner 2.99% tracker LTV < 60%.
They reduced it without any quibbles.

Perhaps I was a sucker for not doing this earlier but I suspect there's lots of people out there like me that had thought about doing it before but never actually did it. For a 48c stamp I'm saving about €10 a month.
 
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