A very interesting point.
However, AIB did not allow existing customers whose LTV had reduced to move to a lower LTV band until about 18 months ago.
Hi all, I also got a letter from aib today offering a 2.75% rate, but was turned down by aib in Nov 17 to reduce the ltv rate to 2.75% from 3.15% at the time, the 3.15% was then reduced by the bank to 2.95% on ltv>80% after for all customers. My ltv at the time of request was 48%. My...
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So it wouldn't make that much of a difference.
Brendan