pauseforthought
Registered User
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We are in the process of buying a new house and selling our current house.
Long story short, the agreed sale price and our cash balance exceeds the purchase price of the new property.
However, we are going to borrow the purchase price of the new house (variable rate) in order to benefit from the 2% cash back and then will repay the loan once the cash back is received.
Does anyone know if the additional cash back on mortgage payments only applies to the standard monthly payment or if it would also apply to the overpayment (ie the redemption) if it is paid from the PTSB explore account?
Long story short, the agreed sale price and our cash balance exceeds the purchase price of the new property.
However, we are going to borrow the purchase price of the new house (variable rate) in order to benefit from the 2% cash back and then will repay the loan once the cash back is received.
Does anyone know if the additional cash back on mortgage payments only applies to the standard monthly payment or if it would also apply to the overpayment (ie the redemption) if it is paid from the PTSB explore account?
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