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Mortgage Renegotiation

California Dreamer · 2019-07-11 13:09:51

Had 2 mortgages. Sold apartment and have a few quid left over. I want to put that into existing mortgage that is on a tracker interest only. Met with a mortgage guy, he reckons he can renegotiate mortgage, get me off the tracker and reduce my overall debt by about 50k. This is the main family home. Sounds to good to be…

11-07-2019 2:09pm

#1

California Dreamer

Registered Users, Registered Users 2 Posts: 2,606 ✭✭✭

Join Date: May 2017

Posts: 2527

Had 2 mortgages. Sold apartment and have a few quid left over. I want to put that into existing mortgage that is on a tracker interest only.

Met with a mortgage guy, he reckons he can renegotiate mortgage, get me off the tracker and reduce my overall debt by about 50k. This is the main family home.

Sounds to good to be true and if it is true why isnt everyone doing that.

Is this an actual thing?

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