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

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  • 21-04-2015 3:32pm
    #1
    dinneenp
    Registered Users Posts: 8,138 ✭✭✭


    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

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    #2
    Geuze
    Registered Users Posts: 13,392 ✭✭✭✭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.


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    #3
    NIMAN
    Registered Users Posts: 33,607 ✭✭✭✭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.


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