Better of course against the SVR as the interest there is higher. If you're going to make lump sums in the first year you must not fix. Instead of one mortgage you will have two different mortgages.
Ya thanks. Thought that bank might have had a sneaky rule but bank confirmed what you said.
When you say in the process of buying - how far along are you? And you do not have your current home up for sale yet?
I don't like new builds, certainly not in Ireland. Have you checked the plans 10 times, have you compared the room sizes to where you currently live, are there windows where there should be, are they looking out on blank walls, are you overlooked, can they build behind, is the garden a descent size. Have you thrown the brochure in the bin. Is their a chimney breast in the wall of the main bedroom where the bed goes, is the stairs too steep, is it possible to get furniture into the house, is their a utility ..............
I saw a new house in the last year with some of the above problems ! And had a good laugh with the Estate agent when I pointed out that the downstairs loo, for handicapped - new regulations, could not be got to as the hall was too narrow !!! And I couldn't figure out where this person was going to sleep as there was no bedroom or spare room downstairs - more hair brained regulations.
6 months build - really ! What's the story with roads and street lighting, plenty of estates where those never happened and cowboy builder in Oz.
What are you basing your current house value on. Have you mortgage approval. Can you afford two mortgages.
Mortgage approval today. Have option of buy to let mortgage if I want it for existing house.
Hi venividi
First off congratulations on your purchase, I hope it all goes smoothly.
If you don't mind, could you clarify what you mean when you say BoI gave you the option of a buy to let mortgage? Are you saying that BoI would not allow you to retain your tracker if you chose to retain your current house as a rental?
Also, could you expand somewhat on the details of the BoI tracker mover product? For example, are you required to complete the sale and purchase within a particular timeframe?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?