mossfitzg1
Registered User
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- 37
Hi, looking for advice before approaching bank so will keep it brief
I have a tracker mortage with UB, 290 k left over next 20 years
Home in Dublin worth approx 250000
Im looking to move home to parents house with wife and kids so need to build extension / Granny Flat at a cost of say 100 k. Parents House would transfer to me.
Basically wondering can I sell Dublin house , hand over 150 of this to bank but keep 100 k at tracker rate to build Granny Flat.
That would leave mortage at 140 k rather than 290 k so surely this would benefeit bank too seeing as they are loosing money on trackers ?
Just hoping someone could advise before I open the can of worms with the bank.
Thanks
M
I have a tracker mortage with UB, 290 k left over next 20 years
Home in Dublin worth approx 250000
Im looking to move home to parents house with wife and kids so need to build extension / Granny Flat at a cost of say 100 k. Parents House would transfer to me.
Basically wondering can I sell Dublin house , hand over 150 of this to bank but keep 100 k at tracker rate to build Granny Flat.
That would leave mortage at 140 k rather than 290 k so surely this would benefeit bank too seeing as they are loosing money on trackers ?
Just hoping someone could advise before I open the can of worms with the bank.
Thanks
M