Hi
In the process of buying new home.
Current home market value 220kish
Current mortgage 190k tracker +1%
New home 520k, savings 140k and shares 60k. Mortgage required of circa 380k. Contemplated keeping existing house but decided against so availing of BOI tracker switcher product for 5 years. Loath to give up tracker but don't really want the hassle of being a landlord.
I haven't gone to any of the other banks due to the value of the tracker for 5 years mentioned above as there is no point? I am not missing anything? Stay with BOI and revisit in 5 years?
In the process of buying new home.
Current home market value 220kish
Current mortgage 190k tracker +1%
New home 520k, savings 140k and shares 60k. Mortgage required of circa 380k. Contemplated keeping existing house but decided against so availing of BOI tracker switcher product for 5 years. Loath to give up tracker but don't really want the hassle of being a landlord.
I haven't gone to any of the other banks due to the value of the tracker for 5 years mentioned above as there is no point? I am not missing anything? Stay with BOI and revisit in 5 years?