We have started to process to switch our mortgage from PTSB to UB after putting it off for a long time as my perception was it was a lot of paper gathering etc.
We had a meeting with the bank on Fri, where they feel we should have no problem switching but we are awaiting their acceptance now.
Two things came up during that meeting that have me a little uneasy now about it. Firstly when she was calculating our repayments, the amounts weren t massively different to what we currently pay altho we are moving from a 4.3% to 2.6%. She felt it was maybe to do with TRS? We originally bought the house in 2004 so I assumed TRS was long over for us. Looked back on last year's statement where it says interest allowed was €1500 for the year. Can anyone tell me when that will expire please?
Worth pointing out also that I called PTSB to get the balance on mortgage, asked if they are reducing our rate anytime soon and he offered 3.7% over a 2/3/5 period. Might help someone?
Second thing is the name on our mortgage account is spelt incorrectly, both mine and and my husband's. And the county we live in is also different to our eircode address? Would this cause problems when a solicitor is doing all the legal bits to change the mortgage over to UB?
Any help would be appreciated
Kitty81
We had a meeting with the bank on Fri, where they feel we should have no problem switching but we are awaiting their acceptance now.
Two things came up during that meeting that have me a little uneasy now about it. Firstly when she was calculating our repayments, the amounts weren t massively different to what we currently pay altho we are moving from a 4.3% to 2.6%. She felt it was maybe to do with TRS? We originally bought the house in 2004 so I assumed TRS was long over for us. Looked back on last year's statement where it says interest allowed was €1500 for the year. Can anyone tell me when that will expire please?
Worth pointing out also that I called PTSB to get the balance on mortgage, asked if they are reducing our rate anytime soon and he offered 3.7% over a 2/3/5 period. Might help someone?
Second thing is the name on our mortgage account is spelt incorrectly, both mine and and my husband's. And the county we live in is also different to our eircode address? Would this cause problems when a solicitor is doing all the legal bits to change the mortgage over to UB?
Any help would be appreciated
Kitty81