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In reading the postings I came across someone who stated that in relation to renting a property that a bank can take away your tracker mortgage!!! Can someone please clarify this for me........
And finally -
"you may lose your tracker mortgage . It depends on your bank and loan conditions. banks dont like trackers.It costs them money. If you tell them ,or if they find out that you are not living in your owwn property then they stick you with a much higher interest rate.
A couple of percent extra on your loan could wipe out any so-called rental profit."
And finally -
"you may lose your tracker mortgage . It depends on your bank and loan conditions. banks dont like trackers.It costs them money. If you tell them ,or if they find out that you are not living in your owwn property then they stick you with a much higher interest rate.
A couple of percent extra on your loan could wipe out any so-called rental profit."