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Thanks for the additional advice. At this stage I am going to pay down 90% if not the whole amount in the summer.

I just done some more digging. Given the language in my contact, I don't think I have a straight up case for a lower rate. Not that it matters in my case but does anyone know if PTSB published their margin(s) above the ECB? There doesn't appear to be any consistency with the tracking rates...

Hi, My situation is very similar to Core123 and meepman. I drew down on a “2 Year Discount Tracker (ECB + MAX 0.99%) Home Loan” in May 2007. The variance in the documentation is interesting, for comparison, the relevant sections in my contract documents read: LETTER OF APPROVAL – PARTICULARS...

Thanks everyone for your take on this scenario. The logical breakdown is of enormous help to me. My next steps have become a lot clearer.

This forum is brilliant! I'm not financially savvy so I really appreciate the advise and different points of view. Just to add more detail. The property is not currently my primary residence, I am currently renting in another county. The intention is to move back to the property, clear the...

Yep, 3 bed in rural village. The purchase price was 155,000. 110,000 remains on the loan. House value currently 100,000.

Hi, I would really appreciate some third party perspective on paying off a mortgage early. Details as follows: PTSB, tracker ECB + 2.3% 110,000 to be paid down over remaining 24 years. Property in negative equity - circa 50,000 130,000 in savings sitting on deposit. Annual salary of 70,000...