I drew down mortgage on ltv<90% then went fixed for 3 years, fixed is now finishing in august and I enquired about going to ltv <50%. Was told no way, you have to go back on ltv <90% as that's the mortgage you drew down, even though the ltv <90% is .1% higher than their standard variable rate. When I told the person on the phone, ok I'll just move to Ebs, I was told ok if that's what ya wanna do! Not a great business model to be honest. However if I move to Ebs, get my 2% lump sum (and a lower variable rate as I'll be on their ltv<50%), then I can move back to a.i.b and finally get their ltv <50%! What a load of crap!