So what's the best strategy? Only switch once and then stay with that bank? Would switching every two years be a better idea? Depending on the number of switches allowed - one would then want to very carefully select the switching bank as that could potentially be the last one, right?
one would then want to very carefully select the switching bank as that could potentially be the last one, right?
Just off the phone with PTSB. Guy I spoke with said you have to be with current lender for 12 months before they will consider you for a switch.Ptsb I'm waiting on a call back.
I assume if your currently in a 1 year fixed rate, you can still start the switching process when you have 4 mths remaining, with a view to switching on expiry of the 1 year fixed? Otherwise if you have to wait until the 12 mths are up, before they consider you for a switch, you will be moved to an expensive variable while waiting for the switching progress to begin?Just off the phone with PTSB. Guy I spoke with said you have to be with current lender for 12 months before they will consider you for a switch.
I assume LTV is another thing to consider - someone on a lower LTV would be more comfortable in taking the risk of getting stuck with a bank with high SVRs -
I assume if your currently in a 1 year fixed rate, you can still start the switching process when you have 4 mths remaining,
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