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
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