Hi all,
My house is worth in excess of €350k and i owe about €100k on it. Im on a variable rate and would like to take out about an extra €30k for an extension on my house. I have enquired from my existing lender about changing to a tracker mortgage as i have heard the repayments are cheaper, but have been told that I wont qualify as the initial amount borrowed was less than €250k. Can anyone throw any light on what the best course of action open to me is in getting the extra cash and the best mortgage option available to me ?any advice would be appreciated thanks
My house is worth in excess of €350k and i owe about €100k on it. Im on a variable rate and would like to take out about an extra €30k for an extension on my house. I have enquired from my existing lender about changing to a tracker mortgage as i have heard the repayments are cheaper, but have been told that I wont qualify as the initial amount borrowed was less than €250k. Can anyone throw any light on what the best course of action open to me is in getting the extra cash and the best mortgage option available to me ?any advice would be appreciated thanks