Hi
I have a house mortgage of EUR 500,000 (33 year term) due to go to tracker of ECB+1.5%. And a mortgage of EUR 200,000 (fixed two year rate) on an apartment that I rent out.
My question is, what are the chances of the bank wanting to make a deal to pay down the large majority of the apartment mortgage in exchange for me handing back my tracker. And would it be worth it it the long run, to lose the tracker? What lumpsum amount would make it worth it to get rid of the tracker, and are banks entering into deals such as this.
My husband has a permanent job and I work on contract.
Thx.
I have a house mortgage of EUR 500,000 (33 year term) due to go to tracker of ECB+1.5%. And a mortgage of EUR 200,000 (fixed two year rate) on an apartment that I rent out.
My question is, what are the chances of the bank wanting to make a deal to pay down the large majority of the apartment mortgage in exchange for me handing back my tracker. And would it be worth it it the long run, to lose the tracker? What lumpsum amount would make it worth it to get rid of the tracker, and are banks entering into deals such as this.
My husband has a permanent job and I work on contract.
Thx.