nellie_nellie
Registered User
- Messages
- 2
Hi,
We are hoping to trade up in the coming months.
We need to sell to make up our deposit but otherwise we think we are in good shape to look for a mortgage for a higher value house based on savings and any loans cleared etc.
My question is about lenders...
We currently have a tracker with BOI (1.1%) and have approx €180k left on current mortgage. We are looking at houses in the €450k range so we would need a mortgage with an additional value of approx €180k (total mortgage of €360k based on a 20% deposit on €450k)
Based on BOIs current offer to move the tracker rate (plus 1%) for 5 years for the current balance with the remainder value on a rate of our choice... Is it worth sticking with applying through BOI or should we use a broker to see if there is anything better on offer ?
Do any other lenders offer a simila tracker mover product if you aren't a customer?
Any advise is welcome....
We are hoping to trade up in the coming months.
We need to sell to make up our deposit but otherwise we think we are in good shape to look for a mortgage for a higher value house based on savings and any loans cleared etc.
My question is about lenders...
We currently have a tracker with BOI (1.1%) and have approx €180k left on current mortgage. We are looking at houses in the €450k range so we would need a mortgage with an additional value of approx €180k (total mortgage of €360k based on a 20% deposit on €450k)
Based on BOIs current offer to move the tracker rate (plus 1%) for 5 years for the current balance with the remainder value on a rate of our choice... Is it worth sticking with applying through BOI or should we use a broker to see if there is anything better on offer ?
Do any other lenders offer a simila tracker mover product if you aren't a customer?
Any advise is welcome....