Hi All,
Long time lurker of this wonderful site - a credit to the admin and many contributors for such a fantastic service to financial idiots like myself.
plámás out of the way, here's our sitiuation:
Myself and my partner are owner occupiers since February 2014
Mortgage 250k
After 1 year AIB wrote offering Fixed Rates however we never took them up. As a result they put me on the SVR Rate of 4.40%, now due to decrease to 4.15% Dec 1st.
I've since had house Valued by AIB approved Valuers at 525k. Just awaiting the stamped originals in the post now.
With the AIB LTV Variable<=50% @ 3.85% moving down to this almost seems to easy and a no-brainer for us, so much so that I think I'm missing out on something else here, or there are unknown pitfalls I've not taken into account.
Any advice would greatly appreciated!
Long time lurker of this wonderful site - a credit to the admin and many contributors for such a fantastic service to financial idiots like myself.
plámás out of the way, here's our sitiuation:
Myself and my partner are owner occupiers since February 2014
Mortgage 250k
After 1 year AIB wrote offering Fixed Rates however we never took them up. As a result they put me on the SVR Rate of 4.40%, now due to decrease to 4.15% Dec 1st.
I've since had house Valued by AIB approved Valuers at 525k. Just awaiting the stamped originals in the post now.
With the AIB LTV Variable<=50% @ 3.85% moving down to this almost seems to easy and a no-brainer for us, so much so that I think I'm missing out on something else here, or there are unknown pitfalls I've not taken into account.
Any advice would greatly appreciated!