M
Michael
Guest
I have a 100000 30 Year mortgage at a rate of ECB + 0.55% . I got it at an LTV < 50% 3 years ago. The rate is so good it is pointless paying it off as any savings that I have, can be invested at a Tracker Savings Rate higher than the Mortgage rate.
The Bank must be operating at a loss on my loan. The question is, does anyone have experience of a bank offering a customer a deal to pay off a loan for less than the amount owed (to cut their losses early).
i.e I pay 90 -95K now and they write off the final 5k - 10k.
Any advice would be welcome ?
Thanks.
The Bank must be operating at a loss on my loan. The question is, does anyone have experience of a bank offering a customer a deal to pay off a loan for less than the amount owed (to cut their losses early).
i.e I pay 90 -95K now and they write off the final 5k - 10k.
Any advice would be welcome ?
Thanks.