Mortgage tracker to follow movers

Mortgage customers will be able to retain their tracker mortgages if moving home, thanks to a new product announced by AIB yesterday.

Customers will pay an additional 1% on top of their existing tracker mortgage rate as part of the ‘Tracker Interest Rate Retention’ offer launched by the bank which is applicable as of today.

Customers in positive or negative equity will be able to avail of the new product which Irish Mortgage Holders Organisation director David Hall says should be welcomed for allowing people to move homes.