Moving house, any chance of keeping tracker?

[RMCF]

This is only a hypothetical question (the chances of me moving any time soon are about 10%) but I have seen a property that interests me that I could possibly get for no extra money (ie I would probably fetch the same amount for my own house).

I am on a tracker, and was wondering if I was to decide to make an offer and be successful, would the bank let me stay on the same tracker?

I'm guessing no chance, as they will look at it as a completely new deal, which it is of course, and see it as a great opportunity to get another person on to the standard variable rate.

 

[Brendan Burgess]

I was at a conference some weeks ago and a guy from the podium mentioned that two of the banks have transferrable trackers.

I meant to ask him which banks, but I did not get around to it.

So check the terms and conditions of your mortgage.