Early repayment of tracker mortgages

PFS7979

Registered User
Messages
244
hi,

Are any members aware of whether Banks will accept say 80-90% of the full mortgage balance in full lump sum early repayment of a tracker mortgage?

thanks
 
I'm with ptsb I've asked and they said no deal , it may change in future but who knows . Always worth asking it may have changed since I asked.
 
Has come up many times over the years on this site. No-one has ever given a definitive answer of a bank doing such a deal and when you think of it, why would they? If you have a lump sum to pay off 90% of a loan early, the bank know you are definitely good for the full amount. The days of trackers costing the banks are long gone as hey have been priced into their operations some time ago.
 
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