seperating

moonfish

Registered User
Messages
27
Hi
I have two houses as stated n previous posts one the main residential and the other rented im paying a huge interest rate(investment rate) on the one that is rented out...
Whats happening now is that we are separating and in the next few weeks i shall move out and into the rented house is there any way i can now negotiate we the bank to bring down this interest rate from a investment mortgage to a more sustainable rate a this house will now be my main residence.
 
Of course you can ask your bank to change the rate. Depending on your contract and their terms and conditions they may change you to the home owner rate. Is your investment rate fixed?