Lenders generally don't want second charges on a property.Is there option to get top up mortgage from another bank.
Cheers, i just thought been 0.5% but only on 70k rather than 200k that would make more sense.No.
But because the balance is only €70k, the tracker is not that valuable.
Let's say you borrow at 2.5 % instead. In the first year, losing your tracker would cost you "only" €1,400 and this would reduce as you pay down the balance.
Are you trying to borrow €70k? You could get an unsecured loan from a credit union, but the rate would be very high. I think it would be cheaper to borrow the full €140k from a mortgage lender at 2.5%,
Brendan