QWERTYKEYBOARD
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There's only one way to find out and it will be interesting to read the reply you get. Good luck.Hi All,
Any chance UB would be open to offers on outstanding mortgage balances?
Say you owe then 200K, offer then 150K.
Get the 150K from different bank via new mortgage.
If yes - would it be worth if if you have a tracker?
Rgs, Sean.
Except they can't refuse if you want to pay in full. They calculate a break fee if applicable.The banks didn’t do deals like this during the banking crisis, they’re unlikely to do them now.
IMO if you offered UB €200k they’d refuse.
Except they can't refuse if you want to pay in full. They calculate a break fee if applicable.
That's still a 20% discount, which is pretty good.I know someone who got about €10,000 written off their mortgage when Danske left but the mortgae balance was pretty small at that stage- under €50,000. I can't see a bigger operator doing that.
The chances are very very close to zero...Any chance UB would be open to offers on outstanding mortgage balances?
Say you owe then 200K, offer then 150K.
Get the 150K from different bank via new mortgage.
If yes - would it be worth if if you have a tracker?
That's an average for the whole portfolio, not your mortgage.but I was interested to see would they take an instant profit considering they bought the loan book from IBRC for something like 52c on the euro.
No bank would do a deal of that nature on a performing loan. It doesnt make commercial sense in normal times.
Now, ulster wont do a deal on a performing loan, mainly because for an impending loan sale, which is likely, performing loans increase the value of the potential loan book.
Thanks all for you inputs - I asked the question originally as I have an offset tracker from first active.. so this thread and the offset tread are very interesting reads...
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