AIB / EBS Negative Equity Mortgage

[ryaner]

http://www.irishexaminer.com/busine...gative-equity-seeking-to-trade-up-208779.html

Customers who want to avail of this product from either EBS or AIB will have to demonstrate they can an afford the new, larger mortgage and that they are not experiencing financial difficulty.

Seems to be only trade ups via the product and no mention of keeping the tracker so one can only assume it is a way to get people off them.

 

[beachman]

Big opinion piece on all this in today's Irish Independent