David Costigan
Registered User
- Messages
- 2
Hi all
I have a tracker mortgage on my apartment. Bought in 2006 for €278,000 with a mortgage of €250k and around €196k outstanding with a tracker of 0.8% with 20 years left.
I'm in €30k - €40k negative equity and i'm currently renting it out (and renting in a different part of the country now) My wife and I are looking into getting a mortgage soon hopefully.
My question is if I approach PTSB would they offer anything for the tracker (i.e. would they offer me a lump sum to redeem the mortgage). Are they still losing money on trackers or is their overall mortgage book covering it.
any help would be appreciated
David
I have a tracker mortgage on my apartment. Bought in 2006 for €278,000 with a mortgage of €250k and around €196k outstanding with a tracker of 0.8% with 20 years left.
I'm in €30k - €40k negative equity and i'm currently renting it out (and renting in a different part of the country now) My wife and I are looking into getting a mortgage soon hopefully.
My question is if I approach PTSB would they offer anything for the tracker (i.e. would they offer me a lump sum to redeem the mortgage). Are they still losing money on trackers or is their overall mortgage book covering it.
any help would be appreciated
David