Brendan Burgess
Founder
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The article says that the mortgage book would be sold. Same as Danske.If thix goes ahead, what impact would this have on existing mortgage holders? If you come of a fixed rate in next few years would a new fixed rate then not be available (if they are winding up) - would you have to move lenders?
Could this news cause any problems drawing down a current mortgage at loan offer stage?
nothing whatsoever. You might make the payments to a different account if the closure goes ahead. But your tracker is 100% safe.We've a tracker with them. What happens there?
Nothing to worry about. Even if they do close the Irish operations there will be months of notice and everything paid in full.recently completed a mortgage switch to UB and also opened a current account as they are offering €500 for anyone opening a current account who switched their mortgage to UB as well.
so i am waiting for a €1500 as legal expenses cash back offered for the mortgage switch and €500 from the newly opened current. not sure i am ever going to get either of it.
What happens to those with mortgages that are in place? Have a tracker and do not want to loose it.
Also I would say there are many people out there that may not be able to get a remortgage elsewhere due to change in circumstances. Hopefully they will not force people to find new mortgages elsewhere.
What happens to those with mortgages that are in place? Have a tracker and do not want to loose it.
Also I would say there are many people out there that may not be able to get a remortgage elsewhere due to change in circumstances. Hopefully they will not force people to find new mortgages elsewhere.
We currently have a mortgage loan offer from Ulster and intend to draw down.
Anyone else in a similar position and should we be concerned?
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