Why do banks charge more for higher LTV mortgages?
- Thread starter Andrew365
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Brendan Burgess
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Hi Eureka
There is no control over mortgage rates in Ireland.
No lender has to take LTVs into account when setting rates, and many don't.
Pepper is free to charge you what you want. If they wanted to charge higher rates for lower LTVs and lower rates for higher LTVs, they would be quite free to do so.
Brendan
There is no control over mortgage rates in Ireland.
No lender has to take LTVs into account when setting rates, and many don't.
Pepper is free to charge you what you want. If they wanted to charge higher rates for lower LTVs and lower rates for higher LTVs, they would be quite free to do so.
Brendan