Are top-up mortgage rates different?

[ButtermilkJa]

Does anyone know if you top-up your mortgage is it at the same rate as the rest of your mortgage? A friend of mine told me it's usually charged at a different rate. Or is this just if you take it over a shorter term? I've got a meeting with my branch next week but I'm trying to do the sums beforehand to get an idea.

 

[Sarah W]

The EBS charge a higher rate for top ups but most lenders charge the standard homeloan or tracker rates. Discounted and one year fixed rates are not normally available on top up loans.

Sarah

www.rea.ie

 

[ButtermilkJa]

Thanks a million Sarah. That makes sense because my friend is actually with EBS so that's where she's getting her info. I'm with UB so hopefully they don't!