Hi,
Me and my wife have agreed to go our separate ways. We have a tracker mortgage balance of 162k on a property which is worth approx. 230k. I owned the house originally and took out the tracker before we got married in 2007 and her name never went on the mortgage or the deeds.
She is now interested in taking over the mortgage and I am going to move out. Is it possible to get her to take over the tracker (and keep the good rate i.e. 0.56% over ECB) and if so how? She earns considerably less than me circa 30k.
What's the best approach to take (if any) so that we can keep the tracker as I would really like it if she could avail of the tracker rate? Is it best to talk to NIB (now dealt with by Pepper Asset Management in Ireland).
Your help is very much appreciated.
Thanks,
Doobie
Me and my wife have agreed to go our separate ways. We have a tracker mortgage balance of 162k on a property which is worth approx. 230k. I owned the house originally and took out the tracker before we got married in 2007 and her name never went on the mortgage or the deeds.
She is now interested in taking over the mortgage and I am going to move out. Is it possible to get her to take over the tracker (and keep the good rate i.e. 0.56% over ECB) and if so how? She earns considerably less than me circa 30k.
What's the best approach to take (if any) so that we can keep the tracker as I would really like it if she could avail of the tracker rate? Is it best to talk to NIB (now dealt with by Pepper Asset Management in Ireland).
Your help is very much appreciated.
Thanks,
Doobie