Apt mrtgage tracker ECB +0.85% (my family live in) buying new family house SVR

D

Dub38

Guest
Hi.

I have a question in relation to mortgages.

I have a tracker rate mortgage with my bank for my apartment which me and my family live in.

The rate is 0.85% above the E.C.B.

I am closing contracts in July for our family home and am taking out a standard variable rate mortgage with another bank.

I might try and sell the apartment or I might rent it out. If I rent it out I know that I will lose the tax relief at source (I am assuming that I will qualify for T.R.S. on my new mortgage?).

Do I still get the tracker rate of 0.85% above the E.C.B. for my apartment mortgage if I decide to rent it out?

I checked the terms and conditions of my loan offer for the apartment and there is nothing there that say otherwise.
 
Re: Mortgage Query

check the terms of your mortgage. I would assume that those terms are for an owner occupier. They will probably change if you become an investor. I know that that is certainly the situation with my AIB tracker mortgage. Best of luck with it all
 
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