Portable Mortgage??

JRD

Registered User
Messages
12
Hi
Roughly speaking our house is worth €300k. Our mortgage is approx €500k. Would a lender ever allow us to carry our €200k negative equity to another property if it meant our loan amount would be the same as it is now? i.e. we sell current house for €300k and buy another for the same price so we dont need any further advance. Is it worth even trying to discuss with our lender?

Thanks
 
Negative equity mortgages have been available on a limited basis for a while from some lenders and discussed by others - see .

You might need to make it a more attractive proposition for your lender by suggesting a house of lower value so that the negative equity is going down.

No harm in asking your lender.
 
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