Mortgages

Jaysus who’s that with?

We ended our 2 year fixed in May of 3.65% and dropped it to 3% and didn’t have to get a valuation at all so maybe they just did their own value and decided our LTV met the criteria for the 3% rate, our LTV is approx 62% or so I reckon so I’m happy enough with 3% fixed for 3 years. 

Sono's example is due to interest rates falling. Back in 2016, 3.65% would have been a normal rate for 2 year fixed, nowadays it's closer to 3% for 3 year fixed (my own 2 year fixed expired this year, was 3.65%, they moved us to variable at 3.15%, so we moved to BOI). I reckon if Sono went to BOI or UB they could get an even chepaer rate but would have had to switch mortgage via a solicitor etc. 3% isn't bad

They've started sending texts of late saying the last day of the month falls on a weekend so make sure you've paid up. That's fine and thanks for the heads up.

But this morning I've received a text from them saying there's only 2 weeks left of the month and we are yet to receive your payment......

I pay on the 27th/28th so buck off.

Thankfully i am in a position to pay every month but i think of people living month to month and 2 weeks prior to payment being due, they're getting these texts.

I like the feeling of control I have determining when the banks get their mulah

Plus the possibility of forgetting to pay one month and getting a bad credit rating. Horrible and relentless as it is, I prefer to pay on DD. The EBS online account has changed recently and doesn't seem to show as much detail as previously on my mortgage. 

Not you I'm aiming this at all, but people want it both ways. 

If rates are to be lower, Vulture funds need to be able to buy bad loans and people evicted more quickly. I'm not advocating that but do see a lot of people want the lower rates but against vulture funds.