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LTV mortgage

  • 03-06-2008 2:03pm
    #1
    beetlebailey
    Registered Users, Registered Users 2 Posts: 208 ✭✭


    Hi All,
    Does anyone know if NIBs new LTV mortgage is any good?
    I had a look at it on their website and after using the calculator i could save about 120euro a month! or I could keep my repayments the same and reduce the lenght of the mortgage by five years.

    I can`t see any problems with it so am i missing something??


Comments

  • #2
    MortgageBrbr
    Closed Accounts Posts: 17 ✭MortgageBrbr


    Most of the lenders offer this service, but NIB are spending a large amout of money on advertising it. Consult with your own bank and see if they can offer you a similar type of rate.


  • #3
    Ogham
    Registered Users, Registered Users 2 Posts: 1,844 ✭✭✭Ogham


    For loans under 75% of the value of the house - NIB have the lowest tracker rates in the country. AIB have the lowest tracker rates for LTV of 75 to 80%.
    Thousands have switched to NIB - but as from last month you have to pay legal fees now - so that will set you back about 1k . If you can save 120 a month you will recoup the legal fees in 8 months or so - then it's all money in your pocket!


  • #4
    BendiBus
    Closed Accounts Posts: 2,074 ✭✭✭BendiBus


    I've had the LTV mortgage for about 18 months with no problems. Paying interest @ 4.5%

    Can't really complain about that!


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