I have a mortgage of e140k left on a rental property that is now worth e250k. I was fortunate to just receive e90 from an inheritance and I intend to use that money to pay down the mortgage.
If I rang the bank (PTSB) and asked, do you think they might reduce the overall amount owing at all for receiving the lump sum upfront? Or is that just too silly to consider. It is not a tracker mortgage and it is not under water. I've heard rumors of banks making settlements with customers, but not sure if thats true or not. I now live outside of Ireland, so don't have a finger on the pulse!
Thanks.
If I rang the bank (PTSB) and asked, do you think they might reduce the overall amount owing at all for receiving the lump sum upfront? Or is that just too silly to consider. It is not a tracker mortgage and it is not under water. I've heard rumors of banks making settlements with customers, but not sure if thats true or not. I now live outside of Ireland, so don't have a finger on the pulse!
Thanks.