Existing Tracker customers for the negative collateral who want to disperse house can transfer new bad equity to their new house, susceptible to to be able to fulfill the value conditions. Yet not, the brand new mortgage so you can worth (LTV) cannot be more than 140%. The present family need to be sold and you can full continues paid off the first home loan.

Existing tracker rate people in the bad equity who would like to circulate home normally move the tracker to the Bad Collateral ten seasons Eu Main Bank (ECB) tracker price, doing the level of its present tracker borrowings. Any additional credit could well be on all of our changeable or fixed cost to own LTV 90%+ borrowing, at the mercy of meeting normal cost conditions. Read more