Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
I understand that the Bank of Ireland has previously (years ago) offered to some landlords the opportunity to reduce the mortgage balance of a mortgage in order to entice them to redeem their low interest rate pre-credit crunch mortgage.
I have a BoI BTL mortgage (branded by the Post Office) which was from the pre-credit crunch days. I’m looking to sell or possibly refinance that property and I’m wondering if there is any reasonable possibility of negotiating a mortgage balance reduction?
I know the financial climate is quite different now, so I’m reaching out to see if anyone has any experience or advice on this?
Thanks in advance!
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