Hello all,
We have a investment cottage worth around 430k with 110k mortgage with Ulster Bank on a Tracker. Ltv therefore around 25%.
To supplement a very expensive period of our lives we d like to top this up as simple topup, move or switch and increase it to 180k or 190k ish, without much fuss or stress.
UB so far arent keen on topups (never mind topup on this, a tracker). This seems short sighted with the low ltv and absolutely guaranteed rent. Its in D4.
Please note we are not interested in topping up our PPR (home) for numerous reasons.
Any ideas are very welcome. Could we get 3% rate even by switching ? We dont mind some extra interest as its allowable against income.
Thank you.
We have a investment cottage worth around 430k with 110k mortgage with Ulster Bank on a Tracker. Ltv therefore around 25%.
To supplement a very expensive period of our lives we d like to top this up as simple topup, move or switch and increase it to 180k or 190k ish, without much fuss or stress.
UB so far arent keen on topups (never mind topup on this, a tracker). This seems short sighted with the low ltv and absolutely guaranteed rent. Its in D4.
Please note we are not interested in topping up our PPR (home) for numerous reasons.
Any ideas are very welcome. Could we get 3% rate even by switching ? We dont mind some extra interest as its allowable against income.
Thank you.