Current Tracker people during the bad collateral who would like to flow household can import new bad security on their new home, susceptible to having the ability to see all of our affordability conditions. But not, the newest financing so you’re able to worth (LTV) can’t be over 140%. The existing home need to be ended up selling and loan places Fultondale you will full proceeds reduced the original home loan.

Existing tracker rates customers into the bad guarantee who would like to disperse family can also be transfer its tracker to the Negative Collateral 10 season European Central Lender (ECB) tracker rate, up to the amount of their current tracker borrowings. (More …)