Hi there,
I currently have a joint mortgate for 230K on an house valued 420K in Raheny. My fiancee has split up with me and I'd like to buy him out. I guess, I'll need 105 cash plus 230K current mortgage.
The house has 4 bedrooms that I intend to rent. At the moment I am talking with different brokers to get the 330K that I need. Maybe I will be able to get the mortage for 35 years with repayment of 1,600 euro.
My question is: Do I buy him out or do I buy somewhere else? It seems that on the market there are only apartments (i.e. in Donagmede) that are cheaper, smaller than a house and with maintenance fees.
The houses on the market around 380K in North Dublin are very old with a lot of work plus I'll lose my FTB status.
Any suggestion? If I buy him out, do I need to pay stamp duty as we didn't pay it the first time as it was below the threshold?
Thanks
Monia
I currently have a joint mortgate for 230K on an house valued 420K in Raheny. My fiancee has split up with me and I'd like to buy him out. I guess, I'll need 105 cash plus 230K current mortgage.
The house has 4 bedrooms that I intend to rent. At the moment I am talking with different brokers to get the 330K that I need. Maybe I will be able to get the mortage for 35 years with repayment of 1,600 euro.
My question is: Do I buy him out or do I buy somewhere else? It seems that on the market there are only apartments (i.e. in Donagmede) that are cheaper, smaller than a house and with maintenance fees.
The houses on the market around 380K in North Dublin are very old with a lot of work plus I'll lose my FTB status.
Any suggestion? If I buy him out, do I need to pay stamp duty as we didn't pay it the first time as it was below the threshold?
Thanks
Monia