Hi,
Am looking at the idea of trading down, moving from town to country.
Have a tracker with BOSI. Rough estimates:
Current home proceeds €230,000
O/s Mortgage €200,000
Surplus on sale €30,000
New home cost €165,000
New mortgage €135,000
Due to an investment property I own, It's unlikely any other institution will give me a mortgage.
BOSI will throw me off the tracker onto SVR (presumably).
Really wondering are they open to such transactions, don't really see why not as they are ditching a 200k tracker in favour of a much smaller but profitable SVR loan?
Am looking at the idea of trading down, moving from town to country.
Have a tracker with BOSI. Rough estimates:
Current home proceeds €230,000
O/s Mortgage €200,000
Surplus on sale €30,000
New home cost €165,000
New mortgage €135,000
Due to an investment property I own, It's unlikely any other institution will give me a mortgage.
BOSI will throw me off the tracker onto SVR (presumably).
Really wondering are they open to such transactions, don't really see why not as they are ditching a 200k tracker in favour of a much smaller but profitable SVR loan?
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