Hi
I have a mortgage from 2003 with ics now has 60k owing. Rate is 4.5 per cent svr. I got a top up mortgage on that property a tracker from ics in 2006 and there is now 36k owing on that. rate is 0.8 % 6 years left on both those mortgages.
Since 2003 this was our principle private residence. We moved in 2012 to new ppr and got a new svr mortgage with bank of Ireland current rate svr 4%. Bank of Ireland took over ics so hold all three mortgages. Original ppr now rented.
I want to switch to kbc my current ppr mortgage buy I'm concerned if I do, boi will withdraw my tracker on other property. Maybe it's worth the risk as the amount is relatively small?
Could someone show me how I'd calculate the loss if tracker were withdrawn?
I have a mortgage from 2003 with ics now has 60k owing. Rate is 4.5 per cent svr. I got a top up mortgage on that property a tracker from ics in 2006 and there is now 36k owing on that. rate is 0.8 % 6 years left on both those mortgages.
Since 2003 this was our principle private residence. We moved in 2012 to new ppr and got a new svr mortgage with bank of Ireland current rate svr 4%. Bank of Ireland took over ics so hold all three mortgages. Original ppr now rented.
I want to switch to kbc my current ppr mortgage buy I'm concerned if I do, boi will withdraw my tracker on other property. Maybe it's worth the risk as the amount is relatively small?
Could someone show me how I'd calculate the loss if tracker were withdrawn?