fixed mortgage rates

Im on a tracker mortgage with BOS ireland and have a rented apartment which is also part of my mortgage with my interest only mortgage on my house. i took this mortgage last year as i couldnt sell the apartment and was offered through a broker this mortgage on the two properties ( apartment is capital and interest loan).

I can just about cover this combined mortgage and have the apartment rented which Im lucky to despite having to reduce rent this year. Im afraid of interest rates going up and contacted BOS to ask re fixed rates. I was astonished to be quoted 6.99 %. As the apartment and my house are probably both in negative equity am I stuck with this bank as im sure no other bank will re mortgage as its in negative equity. Any ideas of how I can get a bank with a fixed rate to take me on? Any ideas why BOS fixed rates are nearly double those of AIB?

chris42 said:

Any ideas of how I can get a bank with a fixed rate to take me on?

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If you are in negative equity, it will be impossible to move to another lender unfortunately.

chris42 said:

Any ideas why BOS fixed rates are nearly double those of AIB?

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They do not want you to take the fixed rate, in fact BOS are basically closed for mortgages.


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thanks for the reply but I cant get my head around why BOS would not offer a lowe fixed rate similar to AIB/ BOI and be happy for me to exchange the tracker for a higher fixed rate. My understanding is that they are not giving out trackers any more