Brendan Burgess
Founder
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I would like to collect some information or case studies on people with split mortgages. Could you provide the following information. Rough figures will do fine.
Original split
1) Which lender
2) Date of split
3) Amount of split e.g. €200k active /€100k warehouse
4) Were you on a tracker or normal mortgage rate?
5) What age will you be when your mortgage term ends?
Progress since then
6) Current balance e.g. €170k active/€100k warehouse
6A) Current value of the house:
7) Have you kept up the full repayments on the active part?
8) Has your lender reviewed the split - if so have they moved any of the warehouse to the active
9) Have your finances improved e.g. Have you built up savings? Could you afford to pay more?
10) Have you made any overpayments? Did the bank set them off against the active part or the warehoused part?
What are your plans?
11) Are you concerned about the warehoused balance when the mortgage term ends? ( if you are concerned, check out this Key Post)
12) If you are overpaying the active part, do you intend to pay down the warehouse early?
13) Are you concerned about your credit record? Do you have any plans to borrow for a car or to get a top-up mortgage or to trade up?
If you have exited the split mortgage or traded up?
Why did you exit the split?
Tell us about your experience generally e.g. was the existence of a split mortgage a barrier to trading up?
Original split
1) Which lender
2) Date of split
3) Amount of split e.g. €200k active /€100k warehouse
4) Were you on a tracker or normal mortgage rate?
5) What age will you be when your mortgage term ends?
Progress since then
6) Current balance e.g. €170k active/€100k warehouse
6A) Current value of the house:
7) Have you kept up the full repayments on the active part?
8) Has your lender reviewed the split - if so have they moved any of the warehouse to the active
9) Have your finances improved e.g. Have you built up savings? Could you afford to pay more?
10) Have you made any overpayments? Did the bank set them off against the active part or the warehoused part?
What are your plans?
11) Are you concerned about the warehoused balance when the mortgage term ends? ( if you are concerned, check out this Key Post)
12) If you are overpaying the active part, do you intend to pay down the warehouse early?
13) Are you concerned about your credit record? Do you have any plans to borrow for a car or to get a top-up mortgage or to trade up?
If you have exited the split mortgage or traded up?
Why did you exit the split?
Tell us about your experience generally e.g. was the existence of a split mortgage a barrier to trading up?
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