Mortgage situation if small bank is taken over by AIB or Bank of Ireland

Hi,

I am just wondering if the smaller banks are taken over by AIB & Bank Of Ireland (which seems to be a consideration) and an existing mortgage with one of the smaller banks is taken over by a larger bank, would the interest rate & loan offer conditions remain the same. I am on a tracker at the moment and would hate to lose this if a merger occured.


Thanks.

I'm not a legal expert but you do have a contract with your current mortgage provider so I would expect that existing contracts would have to be honoured by any bank that takes yours over.

given the current talking about mergers including ptsb we might find out the answer sooner than later. I hope the contract is not null and void if its a new lender.