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Second property: interest rates

  • 11-07-2019 2:36pm
    #1
    suave.4u
    Registered Users, Registered Users 2 Posts: 998 ✭✭✭


    Hi Guys,

    So we finished off our mortgage and wanted to move into a bigger house.
    I am unable to find the interest rates for 2nd property in sites like bonkers etc. The options are very less.
    Where can I get accurate information of all banks. What would be the minimum variable payment rate.

    Regards,


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    There is no different interest rate. Bonkers shows what you can expect.


  • #3
    cruizer101
    Registered Users, Registered Users 2 Posts: 3,205 ✭✭✭cruizer101


    When you say 2nd property do you mean you want to get a new mortgage for the bigger house whilst keeping the old.
    In that case the rates are correct as the rates are for ppr (principal primary residence, I think, basically where you live)
    If you were to take a mortgage on a second property which you are not going to live in the rates would be different.


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