Switching to National Irish Bank on principal residence but what of RIP ?

S

spfeno

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Can anyone give guidance here on the below please -

Switching my PPR to NIB LTV <50% Tracker deal from UB Tracker of ECB +1.05% (this is due to rise next week I think as ECB are increasing by .25% AFAIK - correct me if I'm wrong - so my new NIB rate will be new ECB of 4.25% + .6% = 4.85%

A much better deal than UB as I was on ECB +1.05% since the last rate change in June 2007 and I'd say the next change is in the post !!!! (pity NIB scrapped the legal payments)

I also want to switch an SVR interest only RIP mortgage I have with the EBS of €234,000. Notification arrived last week of new rate change (this week) of 5.53%. What good packages/deals are out there for investment properties. I ran it by the NIB man and the best he could give was ECB +1.19% (LTV 65% approx). Has anyone any better ideas ?????

Thanks in advance guys - one of the best sites on the 'net

Spfeno
 
Re: Switching to NIB on PPR but what of RIP ?

OMG, is that perhaps a title with the most TLAs?

;)
 
But seriously, for your investment property you may have to go to a broker who deals with a number of banks in order to compare quickly against what NIB is offering. Else you'll prob have to contact each bank to chat through. From a quick look at Halifax, they are charging APR5.27% for loans in your LTV range. AIB looks to be APR5.62%. But they may go up with the raise in interest rates.

Sprite
 
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