When buying the family home in 2005, we got our mortage with PTSB. In applying for that mortgage they sought a "cross charge" on an investment property that I owned in my own name (mortgage for this property also with PTSB).
When arranging the family home mortgage\cross charge with PTSB they also put the Investment property mortgage on a Tracker rate.
I am considering selling the investment property now and I've been advised by PTSB that in order to do so I would need to apply to get the cross charge removed from the family home mortgage before selling.
I do not have a copy of the mortgage contract for the investment property.
I am concerned that if I apply for the cross charge to be removed from the family home mortgage (which we are overpaying on for the past 10yrs) that they may review the investment property conditions and take it off the tracker rate (ie if I decide not to sell)
Has anyone on this forum had a similiar situation ?
If I don't have copy of the investment mortgage terms & conditions - do I ask PTSB to reissue it ? Or would my solicitor have a copy ?
Any advise\tips appreciated. Laura
When arranging the family home mortgage\cross charge with PTSB they also put the Investment property mortgage on a Tracker rate.
I am considering selling the investment property now and I've been advised by PTSB that in order to do so I would need to apply to get the cross charge removed from the family home mortgage before selling.
I do not have a copy of the mortgage contract for the investment property.
I am concerned that if I apply for the cross charge to be removed from the family home mortgage (which we are overpaying on for the past 10yrs) that they may review the investment property conditions and take it off the tracker rate (ie if I decide not to sell)
Has anyone on this forum had a similiar situation ?
If I don't have copy of the investment mortgage terms & conditions - do I ask PTSB to reissue it ? Or would my solicitor have a copy ?
Any advise\tips appreciated. Laura