Working mam
Registered User
- Messages
- 40
Ive been having a good think about options that could possibly be open to us, and I wonder could anyone advise on this before I speak to the bank.
We currently have approx €180k NE, mtg with ptsb. We originally borrowed €381k in 2006. We've just spotted a house for €200k in the area we want to move to, and I'm wondering if the bank might consider this NE mortgage as the new loan amount would not be more than we previously borrowed when you add the NE to the price of the new house. We also have savings to cover the stamp duty and other costs. We qualify for the amount based on income and repayment capacity etc. The bank would also get our coveted tracker rate back! Does this sound like a reasonable proposal?
We currently have approx €180k NE, mtg with ptsb. We originally borrowed €381k in 2006. We've just spotted a house for €200k in the area we want to move to, and I'm wondering if the bank might consider this NE mortgage as the new loan amount would not be more than we previously borrowed when you add the NE to the price of the new house. We also have savings to cover the stamp duty and other costs. We qualify for the amount based on income and repayment capacity etc. The bank would also get our coveted tracker rate back! Does this sound like a reasonable proposal?
Last edited: