Existing Tracker customers in the bad collateral who would like to flow household is also import the newest negative security to their brand new home, at the mercy of having the ability to meet our very own cost standards. not, the fresh mortgage to well worth (LTV) can’t be more than 140%. Current household have to be sold and you can full continues paid the first mortgage.
Established tracker rates users for the negative collateral who would like to disperse domestic is convert its tracker to your Negative Equity 10 12 months Western european Main Lender (ECB) tracker rate, as much as the amount of their existing tracker borrowings. Any additional borrowing from the bank would be from the the adjustable or repaired costs to possess LTV ninety%+ credit, subject to conference normal value standards.
Important info having current tracker price consumers – When you are on the good tracker speed therefore need to circulate domestic having fun with our very own Negative Security ten 12 months Eu Central Lender (ECB) tracker rates, you will not feel the straight to return to your tracker rate.