How would you mange this one AH & SO

[tomtim]

Hi,

I bought 2 years ago on Affordable 2 bed Apartment

Property 250K Valued at 300K
I did Shared Ownership & Mortgage from DCC

I was wondering what my options are, I'm paying €1000 per month for the mortgage without interest only. This is not sustainable! giving reduction in salary, taxes etc...

Can I sell the property and walk away (Valued at €150K today) or can the DCC remove / reduce the crazy rent for the SO portion of the property.

Meeting them very soon to discuss but would like other peoples opinions on this.

Thanks, Tom

 

[zen]

I'd like to know what YOU find out! Probably register with MABS, they'll advise.

 

[ajapale]

can the DCC remove / reduce the crazy rent for the SO portion of the property?

What is the rent for the SO portion? And what% is the SO portion?