Hi, I was wondering if anyone would have any advice or guidance on my query. We (husband and I) have two tracker mortgages. 1st one we owe 42 thousand and the 2nd we owe 44 thousand they are with the same bank AIB (was ulster and moved to AIB by the back).
It was pure fluke in that we re mortgaged and at the time this is how the Ulster Bank did it.
So now we have a lump sum of money and would like to pay off our Mortgage. How do we go about this? Is there any bonus to having a tracker? Should we try to negotiate with the bank or will be be penialised for paying it off early.
I would appreciate any advice as I have no clue.![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
It was pure fluke in that we re mortgaged and at the time this is how the Ulster Bank did it.
So now we have a lump sum of money and would like to pay off our Mortgage. How do we go about this? Is there any bonus to having a tracker? Should we try to negotiate with the bank or will be be penialised for paying it off early.
I would appreciate any advice as I have no clue.