Boi mortgage sold to Mars. Just got a letter from boi this wk.
- Thread starter Boitomars
- Start date
This similar thread may be of interest to you:
My BoI mortgages sold to a vulture fund. Should I be worried?
I heard today my boi tracker mortgages are being sold to Mars capital. Tracker home loan to 2035 Tracker investment loan to 2035 Tracker Investment loan interest only to 2045 Is there anything to worry about with this? They say the terms and conditions will continue. If i continue to make...
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Brendan Burgess
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Hi Boitomars
You don't need to do anything but as I say in the other thread.
They cannot take your tracker from you.
But you will lose out in two ways.
1) Mars will be far more aggressive in seeking to review your split mortgage.
2) Mars do not offer alternative rates e.g. fix rates so at the moment, you are paying 5%. That is ok value for the investment properties but you could get a lower fix on your home loan.
Brendan
You don't need to do anything but as I say in the other thread.
They cannot take your tracker from you.
But you will lose out in two ways.
1) Mars will be far more aggressive in seeking to review your split mortgage.
2) Mars do not offer alternative rates e.g. fix rates so at the moment, you are paying 5%. That is ok value for the investment properties but you could get a lower fix on your home loan.
Brendan