Could anyone advise me on how to work out a realistic early surrender offer on a tracker mortgage?
Stats are: €175,000 outstanding over 15 years at 0.5% above ECB. No arrears & paid on time since it was taken out. Bank not interested in staying in Ireland.
What surrender value could we offer the bank that would benefit them by enough that they might accept & that would also benefit us? How would I work it out?
Any help or opinions on the numbers would be appreciated except the ones that say "don't do it, you'll never borrow money so cheaply again!"
Stats are: €175,000 outstanding over 15 years at 0.5% above ECB. No arrears & paid on time since it was taken out. Bank not interested in staying in Ireland.
What surrender value could we offer the bank that would benefit them by enough that they might accept & that would also benefit us? How would I work it out?
Any help or opinions on the numbers would be appreciated except the ones that say "don't do it, you'll never borrow money so cheaply again!"