My mortgage was recently sold to Pepper (November) from PTSB. Involved in the whole interest rate saga many years ago and split mortgage was agreed. 190k is parked. 350k is remaining at 2.25% tracker.
Couldn’t change our situation sooner as child had serious medical issue so only one parent could work, thankfully things improved both working for some years now mid 40’s, ok pension (mainly from pre child illness and decent salaries) but will be able to prioritise again over the next few years. The reason PTSB told us they sold to pepper was because we couldn’t provide information on how we plan to pay back the parked 200k
Lucky for us we have received 250,000 euro, this is solely marked to pay off our mortgage. The PTSB issue went on for so long and I was so busy with other life issues that it is all abit vague now even though at the time had a major impact on our lives. The past is the past and life is good now.
My question is how do I approach Pepper I know there are no deals to be had but do I pay off the 190k parked and the balance 60k off the main mortgage bringing my mortgage balance down to 290k, is it as simple as that?
I believed at the time PTSB stole from us, but I really think now health and family Are the most important thing and we have been very lucky over the last few years with Health and our recent amazing windfall. I definitely want this money off the mortgage it will make a massive difference to our lives to have a small affordable mortgage and give us lots of options and the ability to do nice things, as we have been frugal for a long long time.
I would really appreciate advice on if my approach to Pepper is the right way to go about it or if I am missing something or should involve an outside party.
Thanks in advance
Couldn’t change our situation sooner as child had serious medical issue so only one parent could work, thankfully things improved both working for some years now mid 40’s, ok pension (mainly from pre child illness and decent salaries) but will be able to prioritise again over the next few years. The reason PTSB told us they sold to pepper was because we couldn’t provide information on how we plan to pay back the parked 200k
Lucky for us we have received 250,000 euro, this is solely marked to pay off our mortgage. The PTSB issue went on for so long and I was so busy with other life issues that it is all abit vague now even though at the time had a major impact on our lives. The past is the past and life is good now.
My question is how do I approach Pepper I know there are no deals to be had but do I pay off the 190k parked and the balance 60k off the main mortgage bringing my mortgage balance down to 290k, is it as simple as that?
I believed at the time PTSB stole from us, but I really think now health and family Are the most important thing and we have been very lucky over the last few years with Health and our recent amazing windfall. I definitely want this money off the mortgage it will make a massive difference to our lives to have a small affordable mortgage and give us lots of options and the ability to do nice things, as we have been frugal for a long long time.
I would really appreciate advice on if my approach to Pepper is the right way to go about it or if I am missing something or should involve an outside party.
Thanks in advance