Warrenpaul
Registered User
- Messages
- 15
Good morning
I was wondering if it was possible to retain your tracker when you sell your current home and buy a new property. I will give you a brief run down of an example situation.
Value of current house €450,000
Outstanding mortgage €185,000 18 years left
Equity €265,000
Purchase new property €350,000
New mortgage of €85,000 keeping tracker at 1.3%
Would be € 1,227.83 per month for 6 years to be mortgage free.
Too good to be true i am thinking ...
Any advise would be most welcome, i have contacted the bank with this exact same question but as you know i might as well have posted it into the bin outside.
Regards.
I was wondering if it was possible to retain your tracker when you sell your current home and buy a new property. I will give you a brief run down of an example situation.
Value of current house €450,000
Outstanding mortgage €185,000 18 years left
Equity €265,000
Purchase new property €350,000
New mortgage of €85,000 keeping tracker at 1.3%
Would be € 1,227.83 per month for 6 years to be mortgage free.
Too good to be true i am thinking ...
Any advise would be most welcome, i have contacted the bank with this exact same question but as you know i might as well have posted it into the bin outside.
Regards.