TessmereldaC
Registered User
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Looking for advise.............
Bought a 3 bed semi when single and just before the bust. its 70K in negative equity currently on a tracker (AIB). fast forward 7 years and now married with baby on the way. Almost completed building at hubbi home place. Was lucky enough to be able to use redundancy money and only had to take out a 90k mortgage on this build (variable PTSB). Have combined income of 90K.
So would you advise to rent the 3 bed semi or sell and transfer the NE to the new mortgage? Or would AIB let me keep my tracker and transfer the 90k mortgage to it?? Or should I rent 3 bed semi for a while until things hopefully settle? tracker repayments 784 - rent potentially 650.
Any advise very welcome.
Bought a 3 bed semi when single and just before the bust. its 70K in negative equity currently on a tracker (AIB). fast forward 7 years and now married with baby on the way. Almost completed building at hubbi home place. Was lucky enough to be able to use redundancy money and only had to take out a 90k mortgage on this build (variable PTSB). Have combined income of 90K.
So would you advise to rent the 3 bed semi or sell and transfer the NE to the new mortgage? Or would AIB let me keep my tracker and transfer the 90k mortgage to it?? Or should I rent 3 bed semi for a while until things hopefully settle? tracker repayments 784 - rent potentially 650.
Any advise very welcome.