Able to move between LTV bands on a SVR mortgage?

NIMAN · 11-06-2015 08:23PM #1

When I took out my mortgage I was on a LTV of >50<80%, however due to quite a few overpayments I am now well below 50% LTV.

If I was to contact the bank would they move me on to that rate, or am I stuck with the initial rate I signed up to?

Heisenberg1 · 12-06-2015 12:26AM

NIMAN wrote: »

When I took out my mortgage I was on a LTV of >50<80%, however due to quite a few overpayments I am now well below 50% LTV.

If I was to contact the bank would they move me on to that rate, or am I stuck with the initial rate I signed up to?

Who is the mortgage with?

NIMAN · 12-06-2015 09:41AM

Heisenberg1 wrote: »

Who is the mortgage with?

AIB

kennyb3 · 12-06-2015 09:55AM

NIMAN wrote: »

AIB

You need to pay to get a valuation done to certify you are now at less than 50% - should be €150 from one of the panel of valuers AIB have - submit it and then they will reduce the rate accordingly on request (cover letter requesting same).

Done it recently myself.

NIMAN · 12-06-2015 10:16AM

Not worth doing that, owe €20k. To get extra 0.2% off. Unless of course they would assume my outstanding balance now is <50%.

Should have done it a couple of years back when I broke the 50% LTV.

Edit: forgot AIB are on here, will try asking them.

NIMAN · 25-06-2015 06:31PM

Got official letter back today to an email I sent them last week.

Answer is no.

Chris_5339762 · 28-06-2015 12:08PM

Answer is no from KBC as well, I've tried several time and threatened with moving, they aren't interested. SVR only, cannot be moved to one of the lower LTVs.

Waiting till early July to see if there is any movement on SVRs from KBC and if not, I'm moving.

Able to move between LTV bands on a SVR mortgage?

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