Hi all,
I currently have a tracker with Bank of Scotland Ireland on my PPR and am in negative equity but we are moving to a bigger house and have been approved for a new mortgage on the new property while keeping our current house and renting it out.
My question is will BOSI withdraw the tracker if our current property is rented out or are they happy enough for it to continue as it is with them not really having any presence here now. Also, is it necessary to advise them of the change in circumstances?
I currently have a tracker with Bank of Scotland Ireland on my PPR and am in negative equity but we are moving to a bigger house and have been approved for a new mortgage on the new property while keeping our current house and renting it out.
My question is will BOSI withdraw the tracker if our current property is rented out or are they happy enough for it to continue as it is with them not really having any presence here now. Also, is it necessary to advise them of the change in circumstances?