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Bank of Ireland mortgage rates

We have a mortgage with Bank of Ireland (was with Halifax originally) who are hiking up their interest rates alarmingly so we want to change provider. Now not in formal employment so unable to raise primary mortgage so been advised to look at buy-to-let (property is rented out). But as property not increased in value enough to make the 75% of value cover existing mortgage we are in a bit of a fix. Any sensible suggestions would be welcome!

Comments

  • brit1234
    brit1234 Posts: 5,385 Forumite
    Looks like you will be stuck, may be worth speaking to a mortgage advisor with a large access to products, they may find you some thing.

    With the mortgage rates going up does the rent cover the mortgage, if not it might be worth selling.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
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