Hi built a house last year and took out mortgage of 210,000. i am still on an introductory rate with A.I.B. I was considering switching mortgage providers to Bank of Scotland.
The current value of the house is 350,000 and i do not plan on release any equity meaning i would have an ltv of less then 60%.
This would mean i would get another 2 years at a discounted rate and a rate after this that would be less then the rate AIB give.
My 2 questions are: Does the above make sense? Does the BOSI offer only apply to people who took out a mortgage over 3 years ago or is that just an example they give on the site?
The current value of the house is 350,000 and i do not plan on release any equity meaning i would have an ltv of less then 60%.
This would mean i would get another 2 years at a discounted rate and a rate after this that would be less then the rate AIB give.
My 2 questions are: Does the above make sense? Does the BOSI offer only apply to people who took out a mortgage over 3 years ago or is that just an example they give on the site?