According to Fiona Reddan today in her article "To Rent or not to Rent" she says:
"According to Bank of Ireland, for example, in circumstances whereby a borrower rents out their PPR, the mortgage customer can still remain on their tracker rate unless they choose to move to a different product"
This is quite a big statement. Has anyone received this confirmation in writing? Is this common knowledge? If so my sense is BOI is not being generous here, more likely their mortgage contracts must not allow them to make changes to ts and cs.
Can anyone shed any light on this as we're one of those boi tracker mortgage holders living in a 2 bed apartment with 2 kids, and really need a bit more space, but are terrified of losing the tracker!