RatesIssue
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Hi guys,
I have an investment property purchased in June 2007, there was €211,500 borrowed from the ptsb. The 25yr mortgage was initially interest only for first 2 years @ 4.99% (€879pm).
After 2yrs I switched to a residential investment tracker @ 3.35% (€591pm). At year end 2014 the mortgage is at 2.40% (€421pm) and the balance remaining is €211,747, surely there should be something coming off the principle by now??? Any advice greatly appreciated. A
I have an investment property purchased in June 2007, there was €211,500 borrowed from the ptsb. The 25yr mortgage was initially interest only for first 2 years @ 4.99% (€879pm).
After 2yrs I switched to a residential investment tracker @ 3.35% (€591pm). At year end 2014 the mortgage is at 2.40% (€421pm) and the balance remaining is €211,747, surely there should be something coming off the principle by now??? Any advice greatly appreciated. A