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Ulster bank letting customers keep trackers when trading up

cookie1977 · 2012-03-28 12:02:45

http://www.businesspost.ie/#!story/Home/News/Ulster+Bank+offers+portable+tracker+deal/id/19410615-5218-4f72-f902-04cf46401245 Pretty cool and fair play to them. Wonder will others follow

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28-03-2012 1:02pm

#1

cookie1977

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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/Home/News/Ulster+Bank+offers+portable+tracker+deal/id/19410615-5218-4f72-f902-04cf46401245

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

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#2 28-03-2012 6:01pm
cookie1977

Registered Users Posts: 6,794 ✭✭✭

Join Date: July 2009

Posts: 6623

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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