quaklikeaduc
Registered User
- Messages
- 1
Just a note to say 2 weeks ago after reading a thread on aam my wife and I decided we should try to extend the term of our tracker, back to teh original 35 yr term.
we are on of the lucky ones, tracking ecb at .6% with AIB.
since 2007 we have been overpaying and we had reduced the term, not knowing of the potential issues. we think we are not in negative equity and we felt it migth be a good idea to revert to the original term (35) from the shortened 15 yr.
we are expecting our 4th child and our 2 bed house is too small so we will need ot consider trading up. we are hoping AIB will soon allow tracker holders to bring their trackers with them when trading up so we want to increase our savings.
we wrote a letter to the mortgage centre adn copied to our bank manager - in the letter to teh bank manager we said we looked forward to his support.
i am happy to confirm within 1 week AIB had satisifed our requirements.
so anyone that has read previously that the banks will say you have altered the t&Cs of the your tracker, dont be detered.
we are on of the lucky ones, tracking ecb at .6% with AIB.
since 2007 we have been overpaying and we had reduced the term, not knowing of the potential issues. we think we are not in negative equity and we felt it migth be a good idea to revert to the original term (35) from the shortened 15 yr.
we are expecting our 4th child and our 2 bed house is too small so we will need ot consider trading up. we are hoping AIB will soon allow tracker holders to bring their trackers with them when trading up so we want to increase our savings.
we wrote a letter to the mortgage centre adn copied to our bank manager - in the letter to teh bank manager we said we looked forward to his support.
i am happy to confirm within 1 week AIB had satisifed our requirements.
so anyone that has read previously that the banks will say you have altered the t&Cs of the your tracker, dont be detered.