What are the reasons why I could not switch?
Beyond that what are the costs involved?
Personal issues relating to yourselves
Market issues
- You lose your job
- Your income is reduced
- You change your job and are not in the new job 12 months
- You set up a new business and don't have three years' accounts yet
- You separate from your spouse
- You have children so your expenditure is higher
- You missed a credit card payment by mistake and now have an impaired credit record
Believe me, permanent tsb has a lot of hostages.
- Lending criteria change
- New bank doesn't take switchers
- Banks have stopped lending
About €1,500 and the new bank might not pay that.
There are comparatively good long-term fixed rates available at the moment from Finance Ireland and Avant. They seem like a much better option than going to a dreadful lender with the intention of switching.
I still see the ability to over pay the mortgage with PTSB as a huge plus.
Would negative equity also be a reason?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?