Hi. I've done some digging on the forum but havent found anything recent about this. We are currently looking at moving home and I believe that some people have had success paying off their BoSI tracker mortgage early at a discount because they are costing the lender money. We are in a position to get a short term loan from my parents to hopefully save some money going into our new mortgage (whenever that happens!).
The mortgage is a 15 year, €160k tracker drawn down in Jan 2008. We now have approx. 7.5 years to go, the balance is approx. €85k and the current interest rate is 0.65%.
Does anyone have any suggestions for what I can do here? Is it a simple matter of calling them and chancing my arm? What would be a realistic offer to make??
Thanks
The mortgage is a 15 year, €160k tracker drawn down in Jan 2008. We now have approx. 7.5 years to go, the balance is approx. €85k and the current interest rate is 0.65%.
Does anyone have any suggestions for what I can do here? Is it a simple matter of calling them and chancing my arm? What would be a realistic offer to make??
Thanks