I contacted Certus (Bank of Scotland) this morning to enquire if I would get a discount if I cleared my mortgage with them.
They told me that if I make an offer in writing it will be considered.
Background. I have a number of buy to let properties. Including 2 on interest only, for 20 odd years remaining, with BOS. Each €200k. Both on trackers ECB +0.75%
The rents pay the interest only with a bit left over. I am self employed and have enough savings to clear one mortgage, however my own income is only barely adequate, I have young kids.
I also have a mortgage €220k on my home with ICS. They have told me that they will not offer any inducement to clear that mortgage
Any suggestions what kind of offer BOS might accept. Or what figure would make sense for me.
Thanks
They told me that if I make an offer in writing it will be considered.
Background. I have a number of buy to let properties. Including 2 on interest only, for 20 odd years remaining, with BOS. Each €200k. Both on trackers ECB +0.75%
The rents pay the interest only with a bit left over. I am self employed and have enough savings to clear one mortgage, however my own income is only barely adequate, I have young kids.
I also have a mortgage €220k on my home with ICS. They have told me that they will not offer any inducement to clear that mortgage
Any suggestions what kind of offer BOS might accept. Or what figure would make sense for me.
Thanks