Hi
I have a tracker mortgage with PTSB and over the last number of years I have included a top up prepayment every month.
There is now a prepayment balance of 70000 and there is 12 years left on the mortgage. If I carry on the with my current prepayments I will have it paid in about 4 years time.
I am interested in purchasing a rental property and I would need a mortgage of about 70000 to acquire it.
Do you think it is possible to retrieve that 70000 that is sitting in the mortgage account instead of having to get a full new mortgage.
Any help would be appreciated
I have a tracker mortgage with PTSB and over the last number of years I have included a top up prepayment every month.
There is now a prepayment balance of 70000 and there is 12 years left on the mortgage. If I carry on the with my current prepayments I will have it paid in about 4 years time.
I am interested in purchasing a rental property and I would need a mortgage of about 70000 to acquire it.
Do you think it is possible to retrieve that 70000 that is sitting in the mortgage account instead of having to get a full new mortgage.
Any help would be appreciated