Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

TSB Tracker mortgage- no discount for large payment; why?

  • 21-04-2015 2:32pm
    #1
    dinneenp
    Registered Users, Registered Users 2 Posts: 8,191 ✭✭✭


    Hi,
    My cousin has about 200k left on a tracker mortgage with TSB. She contacted them saying she was thinking of paying off about 90k and asked would they give any 'discount'/know some extra off the mortgage; they said no.

    Why wouldn't they? tracker mortgages are losing banks money so I thought they'd jump at the chance.
    Thanks,
    Pa.


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭Geuze


    There is agreement now that at this stage trackers aren't loss-making, anymore.

    Maybe not very profitable, but not loss-making anymore.

    The blended cost of funds for banks has fallen sharply.


  • #3
    NIMAN
    Registered Users, Registered Users 2 Posts: 34,685 ✭✭✭✭NIMAN


    Used to have a tracker myself and also asked the question. Was also chased.

    They will have zero interest specially in mortgages that are being repaid regularly.


Advertisement