AIB Prevailing Rate fund may have brought you into a lower LTV rate and so you will get a lower rate

[MarkMul]

just a quick reminder to get your Loan to Value variable rate changed if applicable.

We got our house revalued last week and that along with the write down brings us from 3.15 to 2.75 so a nice extra little bonus

LTV Variable >80%	3.15%
LTV Variable >50%<=80%	2.95%
LTV Variable <=50%	2.75%

 

[Summercruising]

just a quick reminder to get your Loan to Value variable rate changed if applicable.

We got our house revalued last week and that along with the write down brings us from 3.15 to 2.75 so a nice extra little bonus

LTV Variable >80%	3.15%
LTV Variable >50%<=80%	2.95%
LTV Variable <=50%	2.75%

3 year fixed @2.55%, if you wanted flexibility of variable could split portion - just an option

 

[Brendan Burgess]

Hi Mark

Good thinking!

Brendan

 

[Introuble83]

You might need a house revaluation to get the ltv updated

 

[aibredress]

you do, they are not much about €200 to €350, an estate agent needs to do them.

 

[MarkMul]

yes - list of auctioneers on the AIB website that can be do them

 

[Deeks1]

yes - list of auctioneers on the AIB website that can be do them

Link here for a list of auctioneers on the panel

Residential Mortgage Valuers Panel Listing

aib.ie

 

[Stacey Mckeogh]

Does this make a difference to all mortgages. We now owe €191,000 on an apartment that’s worth about €250,000-€300,000? Is it worth applying for a lower LTV?

 

[Brendan Burgess]

Hi Stacey

You are probably paying the SVR by default which is 3.15%

Your LTV now is between 76% (191/250) and 64% ( 191/300) .

So you should apply for and get the rate of 2.95%

Brendan

 

[Stacey Mckeogh]

Great, thank you