Any sneakies in NIB new LTV mortgage?

G

GK&SRT

Guest

• 14 Jul 2008

• #1

we're getting a new mortgage from NIB to cover home improvements. the documents sent out for us to sign are different to those we signed when we got our first LTV from them in Jan 07. I haven't spotted anything to worry about yet but I wonder has anyone seen anything to worry about?
thanks

 

C

ClubMan

Registered User

Messages

52,096

• 14 Jul 2008

• #2

If that tracker rate clause applies to both the existing "base" mortgage as well as the topup then you are fine - the rate will always be ECB + 0.56%. Seems like a very competitive rate!

 

C

cromulent

Guest

• 15 Jul 2008

• #3

GK&SRT said:

"Your interest rate will track the ECB refinancing rate by 0.56% for the full term of the loan"

Click to expand...

I'd take the hand off them

 

Brendan Burgess

Founder

Messages

54,397

• 15 Jul 2008

• #4

I can't figure out how they can still offer trackers at these rates. They must be considering raising them.

So sign up as quickly as possible before the rates change.

Brendan

 

G

GK&SRT

Guest

• 16 Jul 2008

• #5

thanks!