onthemoove
Registered User
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- 4
Hi,
We need to move to bigger house. Currently we have tracker mortgage with KBC. When we inquired with KBC they informed us that they do not allow transfer of tracker to new property. We were hoping that we could transfer the tracker mortgage or at least extract some value from paying it off early(as we will have to sell house), but KBC will not do any sort of a deal. We have some negative equity also that we have to deal with and approx 22 years left on mortgage. Anyone any ideas as we are not getting any help from the bank(which is what we expected). We have got the information from KBC about their negative equity mortgage but this only kicks the can down the road for us, while the bank can re-lend our mortgage at a higher margin(ie. back to us as a negative equity mortgage at their SVR rate).
Thanks in advance
We need to move to bigger house. Currently we have tracker mortgage with KBC. When we inquired with KBC they informed us that they do not allow transfer of tracker to new property. We were hoping that we could transfer the tracker mortgage or at least extract some value from paying it off early(as we will have to sell house), but KBC will not do any sort of a deal. We have some negative equity also that we have to deal with and approx 22 years left on mortgage. Anyone any ideas as we are not getting any help from the bank(which is what we expected). We have got the information from KBC about their negative equity mortgage but this only kicks the can down the road for us, while the bank can re-lend our mortgage at a higher margin(ie. back to us as a negative equity mortgage at their SVR rate).
Thanks in advance
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