Mr Big Fella
Registered User
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Hi all. I got a 165000 mortgage on a 215000 property back in 2003. It was on an SVR. I also got a top up of 50,000 a few years after that - and this was placed on a tracker.
I recently asked my bank what the interest rate that I was currently paying, and was told it was 4.3%. They have SVR of 3.7% for those with LTV of less than 80%. I also asked how the LTV is calculated, and was informed that it's only the loan on the SVR that's considered, and the top up on the tracker is not considered.
The bank is now going to look into this and contact me soon.
What should I expect to hear? I would hope to be getting a cheaper rate at least, if not a refund on the overpayments I've been making for years.
I recently asked my bank what the interest rate that I was currently paying, and was told it was 4.3%. They have SVR of 3.7% for those with LTV of less than 80%. I also asked how the LTV is calculated, and was informed that it's only the loan on the SVR that's considered, and the top up on the tracker is not considered.
The bank is now going to look into this and contact me soon.
What should I expect to hear? I would hope to be getting a cheaper rate at least, if not a refund on the overpayments I've been making for years.