DublinGuy13
Registered User
- Messages
- 2
Hi
I just looking for opinions/advice on what chance we would have getting a negative equity mortgage.
Salary 1: €60,000,
Salary 2: €46,500
Ages 36 & 32
Savings €50000, saving €500 per month
Biggest outgoings are Rent: €1350 pm & Childcare: €1000 pm
Bought 3 bed house in 2007 which is now in €110k neg equity. This is being rented out at the moment as we now are living closer to family.
Our mortgage is with KBC Bank, the mortgage is €290k, house is worth €180k. Rent we receive every month does not cover the mortgage, we pay €150 a month ourselves on top of our rent in our current place.
We are renting a house in another area but are seeing rents increasing at the moment. Ideally we would like to buy a house in the area - approx €330k & sell our original house and take the €110k neg equity to the new mortgage. From what i can see, KBC are doing neg equity mortgages now. Really I just want to know have we any hope before I even approach the bank?
Thanks for all help.
I just looking for opinions/advice on what chance we would have getting a negative equity mortgage.
Salary 1: €60,000,
Salary 2: €46,500
Ages 36 & 32
Savings €50000, saving €500 per month
Biggest outgoings are Rent: €1350 pm & Childcare: €1000 pm
Bought 3 bed house in 2007 which is now in €110k neg equity. This is being rented out at the moment as we now are living closer to family.
Our mortgage is with KBC Bank, the mortgage is €290k, house is worth €180k. Rent we receive every month does not cover the mortgage, we pay €150 a month ourselves on top of our rent in our current place.
We are renting a house in another area but are seeing rents increasing at the moment. Ideally we would like to buy a house in the area - approx €330k & sell our original house and take the €110k neg equity to the new mortgage. From what i can see, KBC are doing neg equity mortgages now. Really I just want to know have we any hope before I even approach the bank?
Thanks for all help.