We are trying to persuade our bank BOV to change our mortgage back to interest only but they have only offered to give us 16 months and want to charge almost €2000 for the privelege! We are finding it impossible to find any info on the internet on other banks rates and charges as we might have to trasnfer our mortgage to another bank to taker advantage of a longer interest only period. Has anyone done this recently and how easy was it to do/ did the new bank charge to take over the mortgage?
Any advice would be appreciated as we can't continue to pay the high monthly payment as rentals are non existant.