On tracker, want to move, will tracker be lost?

[RMCF]

As someone on a tracker who is looking at the odd house at present with a view to upsizing, I was wondering if anyone knows how the bank would handle my mortgage if I did move?

Would they let me keep the tracker, or will they look to cancel it and get me on the standard variable rate?

 

[wbbs]

Your present tracker mortgage will cease to exist, it must be cleared off when the house is sold so you will have to take out a new mortgage for the new house which I am fairly sure you will not be offered a tracker rate on or at least not a low tracker.

 

[RMCF]

Yeah think I knew the answer before I asked !!

Pity.

Can't see why the banks would allow people to have negative equity mortgages but not allow them to keep their tracker when they move.

Might give them a call and chance my arm anyway.