Can you bring tracker mortgage with you

D

dodo

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If you have a tracker mortgage of 0.5 above ECB with NIB and you happened to have 70K in cash ,If you wanted to upgrade to a house using the 70K is it possible that you could keep the tracker on as is but attached to another house.Or is there any other worthwhile options, as we would end up staying where we are if it meant losing this tracker,cheers
 
Only your bank can confirm that for you, think Ulster Bank are doing some version of this but not sure about any of the others.
 
I also have a tracker at NIB, at 0.5 above ecb. I asked them this question sometime early in 2012 and they said that this was not something that they offered at that time.
 
It means been stuck in limbo and only hoping they do in the future, I will not give up the tracker and sooner build on if I have to, I can't see why they wont do it as the situation one way or the other will not change what I pay them back, other than I don't move which I can live with.
greengal said:
I also have a tracker at NIB, at 0.5 above ecb. I asked them this question sometime early in 2012 and they said that this was not something that they offered at that time.
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I don't see NIB agreeing to this. I am a tracker mortgage customer of theirs and I get the impression that they are more strict about the terms and conditions associated with their mortgages than anyone else.
Overall, based on some of their moves over the last few years and especially over the last few months, I think they are trying very hard to clean up their mortgage book and I wouldn't be surprised to see them exiting Ireland at some point.
All of these things point to them not wanting to allow you to transfer your mortgage.
 
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