Hello,
Like quite a few of you here, I am the fortunite owner of a Tracker Mortgage.
As everyone will know, we were asked to provide Valuations on our homes when we obtained the Tracker Mortgages, in order to establish the appropriate lending margin (over ECB - which totals the lending rate).
What I would like to know is this - will either:
(i) Revenue provide our homeloan providers with detail of our estimated values on our houses (as a result of our submissions, for property tax purposes) ?
or
(ii) Will the Homeloan provider have the right to ask to see our estimated value and tax payment ?
Suffice to say, my questions arise as I am wondering if this new Property Tax could trigger opportunity for all of the Homeloan providers to increase the lending margins, on our Tracker Mortgages ?
Sorry if this has been covered elsewhere, but I have looked and not seen it discussed.
Thank you
Mr. Earl.
Like quite a few of you here, I am the fortunite owner of a Tracker Mortgage.
As everyone will know, we were asked to provide Valuations on our homes when we obtained the Tracker Mortgages, in order to establish the appropriate lending margin (over ECB - which totals the lending rate).
What I would like to know is this - will either:
(i) Revenue provide our homeloan providers with detail of our estimated values on our houses (as a result of our submissions, for property tax purposes) ?
or
(ii) Will the Homeloan provider have the right to ask to see our estimated value and tax payment ?
Suffice to say, my questions arise as I am wondering if this new Property Tax could trigger opportunity for all of the Homeloan providers to increase the lending margins, on our Tracker Mortgages ?
Sorry if this has been covered elsewhere, but I have looked and not seen it discussed.
Thank you
Mr. Earl.