I spoke with Danske bank before Christmas and the guy basically asked had I heard about them in the news, that that they're winding up consumer business and that even internally they didn't really know what was going to happen next.
We'd heard the news alright but, at that point, we'd already filled in the forms so sent them in anyway.
He then told me that the most they'd give us in a separate mortgage was about 140k *possibly*. That wouldn't consider any rental income from the existing property or income from my wife on contract. He also mentioned that if we let the apartment out then technically we'd be breaking the terms of the mortgage and may not be entitled to that tracker any more. He surmised by saying that even if he could recommend our application that he wouldn't be too sure if it would even go through anyway - that things were very much up in the air in there.
I also spoke with boi during the summer and they said they'd give me around 140k, taking into consideration dependants, stress test on existing tracker and no income from my wife taken into account unless it was permanent position.
I was thinking our next move might be to contact a mortgage broker (I've seen LD Ferguson's posts here and also recommendations for him) but first of all wanted to see if someone in the broader community might have advice to offer:- e.g. how attractive would holding onto the apartment be as an investment in this situation? Should we hold out and see what happens with Danske bank trackers (see also:
http://www.askaboutmoney.com/showthread.php?t=184173), ... I don't even know what else.. basically, we're a bit lost.