BTL mortgage on house in small town in west of Ireland.
Purchase price = 180-200k, some recently sold in estate for 85k
Mortgage balance = 130k approx.
No arrears, but in neg equity.
Rate = 4.5% I think (posting on behalf of friend), maybe higher.
I think the answer is no, but is there any chance of switching to avail of a lower rate?
Purchase price = 180-200k, some recently sold in estate for 85k
Mortgage balance = 130k approx.
No arrears, but in neg equity.
Rate = 4.5% I think (posting on behalf of friend), maybe higher.
I think the answer is no, but is there any chance of switching to avail of a lower rate?