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cookie1977 · 28-03-2012, 13:02

Quote:

Ulster Bank is offering customers on tracker mortgages the option of taking their benefits with them when buying a new home.
Ulster Bank said the offer was open to anyone upgrading to a larger family home or trading down.

http://www.businesspost.ie/#!story/H...2-04cf46401245

Pretty cool and fair play to them. Wonder will others follow

cookie1977 · 28-03-2012, 18:01

Ulster bank have clarified that people in negative equity will not qualify. Also if your current mortgage is 200,000 and you needed 300,000 to trade up then the 200,000 from your original mortgage would stay at the tracker rate you had and the new 100,000 extra would be at a new Ulster Bank rate. Not as good as I originally thought but it might help some people out of a hole.

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28-03-2012, 18:01	#2
cookie1977 Registered User Join Date: Jul 2009 Posts: 5,416 Adverts \| Friends	Ulster bank have clarified that people in negative equity will not qualify. Also if your current mortgage is 200,000 and you needed 300,000 to trade up then the 200,000 from your original mortgage would stay at the tracker rate you had and the new 100,000 extra would be at a new Ulster Bank rate. Not as good as I originally thought but it might help some people out of a hole.