R
ronanb78
Guest
3 bed semi that is in negative equity. Bought 2006.
Current value of property would mean a difference of around 50-60k to the outstanding mortagage, if it was sold.
Have never missed a mortgage repayment and have been overpaying mortgage by 500euro per month for nearly a year. But I have just stopped this now.
Tracker is .75% above ECB
Have 20k in savings.
Can anybody advise on how to proceed with the following:
- How to contact the bank? I only ever contact the bank via a letter to the head office in Dublin. Should i go down that route or schedule a meeting with a manager in the closest branch?
- How to open up negotiations? Indicate to the bank that i am going to sell and wait in their response perhaps?
Current value of property would mean a difference of around 50-60k to the outstanding mortagage, if it was sold.
Have never missed a mortgage repayment and have been overpaying mortgage by 500euro per month for nearly a year. But I have just stopped this now.
Tracker is .75% above ECB
Have 20k in savings.
Can anybody advise on how to proceed with the following:
- How to contact the bank? I only ever contact the bank via a letter to the head office in Dublin. Should i go down that route or schedule a meeting with a manager in the closest branch?
- How to open up negotiations? Indicate to the bank that i am going to sell and wait in their response perhaps?