Laura Stuart
Remortgaged to lower her monthly repayments
Laura bought her place a few years ago and was very happy with the mortgage she got at the time. The special introductory rate her lender gave her really helped her settle in and have money left over each month to decorate and furnish the property.
But, after having had her mortgage for a number of years, Laura was conscious this special rate period was coming to an end and she'd soon be moving onto her lender's standard variable rate (SVR).
"When I discovered how much my repayments were going to increase by, I wanted a better deal. So I researched the different types of mortgages that were available to me and chose one that suited my needs."
At Bank of Ireland Mortgages we were delighted to offer her a new mortgage with smaller repayments than if she'd stayed on her previous lender's SVR.
So now Laura has the best of both worlds, a home that she's finished making her own - with reduced mortgage repayments so she has more money to enjoy living in it.
Please note that the above case study is purely fictitious and for illustrative purposes only.