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Moving house carrying tracker mortgage

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  • 19-12-2020 5:38pm
    #1
    PaulieF
    Registered Users Posts: 1 ✭


    Has anyone moved house and carried their tracker mortgage?

    My current mortgage is with PTSB - Tracker. Looking to move house. Contacted PTSB via branch - got approved for €300K - need €380K to be able to move.
    I used their online calculator which shows using my salary and my partners we qualify for a mortgage of up to €450K.
    Just wondering if anyone had issues getting a mortgage whilst carrying their tracker rate?
    Substantial differences in what branch will lend to what the online tool suggests.


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    #2
    fago
    Registered Users Posts: 318 ✭✭fago


    PaulieF wrote: »
    Has anyone moved house and carried their tracker mortgage?

    My current mortgage is with PTSB - Tracker. Looking to move house. Contacted PTSB via branch - got approved for €300K - need €380K to be able to move.
    I used their online calculator which shows using my salary and my partners we qualify for a mortgage of up to €450K.
    Just wondering if anyone had issues getting a mortgage whilst carrying their tracker rate?
    Substantial differences in what branch will lend to what the online tool suggests.

    We had a tracker with AIB and they have a special tracker retention approval can't do the usual online app.
    Basically they offer a split mortgage. The balance of the tracker at a slightly higher rate over the same period and the rest on the market rate STV.
    Originally there was mention that the tracker retention had to be drawdown within 12 months, but with the bad press they seem to have dropped that.


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    #3
    ongarite
    Registered Users Posts: 8,201 ✭✭✭ongarite


    BOI have tracker mover scheme.
    Balance of tracker mortgage + 1% & remaining amount needed for new mortgage at prevailing rate.
    Only valid for 6 months from date of sale of property that had tracker mortgage.


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