Good luck with that , its like dealing with iain Paisley, but keep us informed if anything positive
http://www.askaboutmoney.com/showthread.php?t=181420
I am in a similar predictament.
I also have a Danske 0.5% tracker mortgage.
My interest bill is very low at 50 per month, extremely cheap money.
But my job is moving in next 2 years.
So it looks like I'll have to sell, make a huge capital loss, and lose a really cheap tracker mortgage.
See data in post above.
@Butter & Protocol : I guess it's a predicament. I've always thought that if I had to move (and its quite possible circumstances may change in the next couple of years), then I'd hold on to the tracker - and therefore the property - in any event. I know they may be able to throw me off of it - if they found me renting it out - but I'd give it a damn good try first.
It's the cheapest financing any of us will ever see. Absolutely no indication thus far that they will do a deal. Will have to see what happens once they have the offset/custody/regular current accounts shut down as to what their next move is.
I had been keen on a deal for some time but more recently, I'm thinking even if a deal was offered, it's never going to reflect the true value of the tracker. Most likely I'll keep it - and if I have to (or want to) buy elsewhere, I'll use savings and/or wait to accumulate some more savings to make that viable.
Well, this is interesting. I'm open to correction - but to the best of my knowledge, you are the first person ever to report a potential deal with danske on moving a tracker (even if it did subsequently fall through).I am in the same position, (0.5%) I had contacted danske and they were offering me a deal to move and keep tracker with a new 0.99 above ecb.
Were you categorically told this by Danske?Another institution will take over the mortgage book, maybe a deal could be arranged then.
And even are we crazy for considering giving up this tracker? I feel like it is both a financial blessing and a financial handcuff at the same time.
.
Not crazy. It's a blessing when you are happy where you are. It only becomes handcuffs if you'd "love" to move and you let the tracker be the deciding factor. If a move improves your quality of life or makes you happier, and you can afford it, is that not worth more than a few percent on your mortgage rate? I gave up my +0.5% tracker in 2011 with a 'meh' (it was good while it lasted though).And even are we crazy for considering giving up this tracker? I feel like it is both a financial blessing and a financial handcuff at the same time.
I take a totally different view on this, I think people are crazy to stay put just because of a tracker. Moving to a suitable house that one can afford is a no brainer.
We have a tracker of 0.5% with Danske Bank (was National Irish Bank).
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?