Brendan Burgess
Founder
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A friend of mine has a house in Dublin worth around €600k, mortgage free. He wants to retire to the country.
He wants sell his own home to buy a house for around €300k. But he wants to buy the house first before selling his own.
He is 60, so he couldn't get a conventional mortgage.
Would any lender give him €300k secured on his existing home?
I have advised that he should simply sell first and buy for cash, but he does not want to do this.
Brendan
He wants sell his own home to buy a house for around €300k. But he wants to buy the house first before selling his own.
He is 60, so he couldn't get a conventional mortgage.
Would any lender give him €300k secured on his existing home?
I have advised that he should simply sell first and buy for cash, but he does not want to do this.
Brendan