bought house in 07 for 300k - now worth say 200k, mortgage 255k, need to move for job, only looking to move 50km's - will bank leave us sell and transfer the 55k to another property? im guessing not.
if not, would they leave us take out a long term loan on 55k?
we both have secure jobs and have never defaulted on repayments. income is up 25% since we took out mortgage.
if no to the above, would they leave us exchange tracker (ecb +1) for carrying the 55k over to new property and agree new tracker of say ecb +3?
if not, would they leave us take out a long term loan on 55k?
we both have secure jobs and have never defaulted on repayments. income is up 25% since we took out mortgage.
if no to the above, would they leave us exchange tracker (ecb +1) for carrying the 55k over to new property and agree new tracker of say ecb +3?