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sprowstonboy
- Posts: 209
- Joined: Wed Jul 29, 2009 1:38 pm
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Just wondered if anyone has been given their individual details of the rate increase taking place in June and September. As my annual review is due in the next few of days it's been damned inconsiderate of BoI not to have given details yet!
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chrisA
- Posts: 68
- Joined: Sat Apr 30, 2011 1:52 pm
- Location: United Kingdom
Hi Sprowstonboy. Were with Bank of Ireland and just had our review, all we know is 1% in june and 1/2% in Sept. How this equates for each person depends on the balance of your mortgage.
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sprowstonboy
- Posts: 209
- Joined: Wed Jul 29, 2009 1:38 pm
- Location:
yep thats about as much as i know Chris. Just wish they would pull their finger out and let us know asap as we need to budget for the icrease. There really is no excuse for leaving it this late imho.
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vince666
- Posts: 337
- Joined: Sat Oct 22, 2011 11:09 am
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If you know that it's going up 1% in June it should be fairly easy to work out the new repayment.
Most banks have a mortgage calculator on them - the one on the Chelsea Building society is good:
http://www.thechelsea.co.uk/mortgages/m ... pay.htmlvvCompletion certificate received 31 March 2012.
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Broke of London
- Posts: 7761
- Joined: Sun Sep 05, 2010 6:04 pm
- Location: United Kingdom
Good luck with your review and your mortgage calculations x
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chrisA
- Posts: 68
- Joined: Sat Apr 30, 2011 1:52 pm
- Location: United Kingdom
With the letter advicing of the percentage increase was a booklet , in it it shows a chart of the amounts and time left on a mortgage with an average increase based on the two columns.
