Hi,
I'm currently thinking about approaching my bank with the following proposal and would be very interested in getting people's feedback on it and if they felt it was realistic.
AS from reading a number of posts I can see BOS are trying to exit Ireland.
My Bank is Bank of Scotland Ireland
Mortgage - Tracker within 1.5% of ECB.
Original Mortgage - 240,000 taken out in late 2004.
Left to Pay - 185,000
Value of House - 160,00 / 170,000
I have been paying back roughly €1,100 per month (which includes interest and princpal) so that means I've paid the bank roughly 96,000K (1,100 * 12 * 7.25)
So planning on offering the bank another 100,000 / 125,000 as full and final payment on the mortage.
Does this seem a realistic proposal?
Means the bank would get back up to €220,000 on a 240,000 loan.
Would this in any way effect my further Credit worthness??
Any feedback would be much appericated.
I'm currently thinking about approaching my bank with the following proposal and would be very interested in getting people's feedback on it and if they felt it was realistic.
AS from reading a number of posts I can see BOS are trying to exit Ireland.
My Bank is Bank of Scotland Ireland
Mortgage - Tracker within 1.5% of ECB.
Original Mortgage - 240,000 taken out in late 2004.
Left to Pay - 185,000
Value of House - 160,00 / 170,000
I have been paying back roughly €1,100 per month (which includes interest and princpal) so that means I've paid the bank roughly 96,000K (1,100 * 12 * 7.25)
So planning on offering the bank another 100,000 / 125,000 as full and final payment on the mortage.
Does this seem a realistic proposal?
Means the bank would get back up to €220,000 on a 240,000 loan.
Would this in any way effect my further Credit worthness??
Any feedback would be much appericated.