Strathspey
Registered User
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Does the application for an equity release mortgage have to be with the bank that holds the principle mortgage. I have a mortgage of Euro 100 000 with Bank of Ireland (tracker 1.65% with 15 years remaining) on a home worth conservatively at Euro 220 000. I was looking for a Euro 20 000 equity release mortgage from Bank of Ireland and am not happy with their rate or their response. Could I apply to any of the other banks for an equity release mortgage without sacrificing my principle tracker mortgage with Bank of Ireland?