Greenstreet
Registered User
- Messages
- 2
Hi there, first time poster here, hope I might be able to pick some brains.
We have a mgt on our property which is in neg equity, balance of 270K, value of probably c. 190k if we are lucky. Its 5 yrs in to a 35 year term and we have a tracker of 1.45%. We are now looking to move on to a bigger place and was wondering if the bank will give us a discount to settle the mortgage in full? If so how much of a discount should I be looking for? My thinking is that by us staying on the tracker, we are costing the bank X amount every year for the next 30 years, they might give us a deal to get it paid off.
Any thoughts?
Very much appreciated.
We have a mgt on our property which is in neg equity, balance of 270K, value of probably c. 190k if we are lucky. Its 5 yrs in to a 35 year term and we have a tracker of 1.45%. We are now looking to move on to a bigger place and was wondering if the bank will give us a discount to settle the mortgage in full? If so how much of a discount should I be looking for? My thinking is that by us staying on the tracker, we are costing the bank X amount every year for the next 30 years, they might give us a deal to get it paid off.
Any thoughts?
Very much appreciated.