Hi
Another question. Any cases of banks redeeming mortgages for a discount? I searched the forums and didn't find any hits indicating if this has been discussed before.
Simple logic being that they could re-lend the repaid balance at much higher rates, so they might be willing to offer a discount (say 10-15%) to redeem a tracker.
Curious.
Another question. Any cases of banks redeeming mortgages for a discount? I searched the forums and didn't find any hits indicating if this has been discussed before.
Simple logic being that they could re-lend the repaid balance at much higher rates, so they might be willing to offer a discount (say 10-15%) to redeem a tracker.
Curious.