Tracker mortgage holders urged to hold firm

TRACKER mortgages represent one of the best value deals mortgage holders have ever received from their banks.

This is according to the director of the Irish Mortgage Corporation, Frank Conway, who has urged tracker mortgage holders to assess any potential offers from their bank on possible tracker mortgage buy-down schemes carefully.

This comes as reports found that homeowners on tracker mortgages could receive a financial incentive from their bank to pay them off more quickly.