Best interest only mortgage

D

dodo

Registered User
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1,358
I am nearly finished a fixed term interest only with NIB, I have seen them and the best they can offer is 1.19% above the ECB, IIB said they can do .95%, Is there better in the market,
Also please remcommend a good broker to do the running around or what other banks are worth ringing,
 
it is for investment house, so just wondering what best is in market
 
Rate will depend on value of property and amount of outstanding mortgage, i.e. Loan to Value or LTV.

What's your LTV?
 
Dave Vanian said:
Rate will depend on value of property and amount of outstanding mortgage, i.e. Loan to Value or LTV.

What's your LTV?
Click to expand...
Need to get house value I would say around 85%,need a favourable EA to value a litte higher, you know any
 
At 85% LTV, Ulster Bank will do ECB + 1.05%. I don't know any optimistic valuers...sorry.
 
EBS offering .85% above ECB with 100K towards legal fees for investment with 80% LTV, seems best around
 
dodo said:
EBS offering .85% above ECB with 100K towards legal fees for investment with 80% LTV, seems best around
Click to expand...

Your original query said 85% LTV. At 80% LTV, you also have Ulster Bank at ECB + 0.85% with legals paid or Bank of Scotland at ECB + 0.85% but you pay your own legals.
 
Sorry I was wrong, It is Ulster Bank doing .80% above ECB with LTV 80% oe less, and they do 1.05% above for any over 80%.

Dave Vanian said:
Your original query said 85% LTV. At 80% LTV, you also have Ulster Bank at ECB + 0.85% with legals paid or Bank of Scotland at ECB + 0.85% but you pay your own legals.
Click to expand...
.
 
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