I've ten years remaining on an EBS tracker mortgage which is in my name only.
The property is in positive equity.
I understand that EBS allow tracker mortgages to be moved to a new property.
My concern is that the tracker is in my name only.
In purchasing a new property, my partner and I would like to do this as a couple, so that the amount of the new loan available will be based on our joint incomes.
But also, we want to port the remaining tracker balance (either in my name or in both our names) so we are paying a lower interest rate on that portion.
Anyone know if this is do-able or have experience of getting that completed \ rejected by EBS?
Thanks.
The property is in positive equity.
I understand that EBS allow tracker mortgages to be moved to a new property.
My concern is that the tracker is in my name only.
In purchasing a new property, my partner and I would like to do this as a couple, so that the amount of the new loan available will be based on our joint incomes.
But also, we want to port the remaining tracker balance (either in my name or in both our names) so we are paying a lower interest rate on that portion.
Anyone know if this is do-able or have experience of getting that completed \ rejected by EBS?
Thanks.