this is a bit of a rigmarole so bear with me - i bought an apartment 5.5 years ago (owe €180k on mortgage now) and my husband and i bought a house over a year ago which we did up over many months (owe approx 380K on it) we have just relocated to the west & have had the apartment on the market since nov & intend to rent the dublin house, should it all go wrong for us in the west
we had put a booking deposit on a house (new) we liked in the west, assuming the apartment would be sold when we needed to close complete sale - the apartment sale agreed has just fallen through - i am now torn as to whether to chance proceeding with house in west & draw down the full price out it (our salaries would about cover it) and hope for the best in relation to apartment sale & hope to pay off a lump sum??? my heart quickens in panic though as i think of us exposed to all that debt..... should we just hold tight on buying in the west until we have the money in our hands so to speak? my apartment is in a really good spot & they were selling in approx 6 weeks with waiting lists last year - times they have a changed.....
any opinions would be greatly appreciated
we had put a booking deposit on a house (new) we liked in the west, assuming the apartment would be sold when we needed to close complete sale - the apartment sale agreed has just fallen through - i am now torn as to whether to chance proceeding with house in west & draw down the full price out it (our salaries would about cover it) and hope for the best in relation to apartment sale & hope to pay off a lump sum??? my heart quickens in panic though as i think of us exposed to all that debt..... should we just hold tight on buying in the west until we have the money in our hands so to speak? my apartment is in a really good spot & they were selling in approx 6 weeks with waiting lists last year - times they have a changed.....
any opinions would be greatly appreciated