Hi,
We are hoping to trade up in the coming months.
We need to sell to make up our deposit but otherwise we think we are in good shape to look for a mortgage for a higher value house based on savings and any loans cleared etc.
My question is about lenders...
We currently have a tracker with BOI (1.1%) and have approx €180k left on current mortgage. We are looking at houses in the €450k range so we would need a mortgage with an additional value of approx €180k (total mortgage of €360k based on a 20% deposit on €450k)
Based on BOIs current offer to move the tracker rate (plus 1%) for 5 years for the current balance with the remainder value on a rate of our choice... Is it worth sticking with applying through BOI or should we use a broker to see if there is anything better on offer ?
Do any other lenders offer a simila tracker mover product if you aren't a customer?
Any advise is welcome....