My concern would be that when I cancel TRS, change insurance and register with the PTRB that the bank will get notification of the changes.
If the bank are not informed, could they pursue us in the future for difference in interest between the buy to let and SVR mortgage rates for the time it was rented?
The worst that can happen is that at some stage in the future the Bank could hit you with this breach.
The mortgage is with AIB and from their website I see that the Buy-To-Let rate is 0.95% more than the SVR rate. (BTL 5.35%, SVR 4.4%)Is the 'investment interest rate' much higher than the SVR?
Under the Purpose heading of the mortgage offer letter it says:Could you post up the actually wording in the mortgage letter please.
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