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Hi

mozattack · 2010-06-25 12:33:49

Hi, I owe quite a big - 4 mortgages for home and 3 rentals.. Anyway. I have really good tracker rates. If I needed to go interest only on any of my loans, will I lose my tracker rates. I am currently paying capital plus interest.

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25-06-2010 1:33pm

#1

mozattack

Registered Users Posts: 1,908 ✭✭✭

Join Date: June 2009

Posts: 1680

Hi,

I owe quite a big - 4 mortgages for home and 3 rentals.. Anyway. I have really good tracker rates.

If I needed to go interest only on any of my loans, will I lose my tracker rates. I am currently paying capital plus interest.

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#2 26-06-2010 10:35am
unclebill98

Registered Users Posts: 3,816 ✭✭✭

Join Date: January 2007

Posts: 3632

Nope, you should not loose your trakcer. The bank may try to offer what you want and in return you go onto a standard varialbe rate but normally they dont, well at least I've not come across any cases.

Best to clarify this with your mortgage lending when making the interest only application.

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