We are a married couple with two children under 5. Our childcare costs are €1200 pm.
We currently own a property that is in negative equity by around €30k, currently valued around €150k. We have a variable rate mortgage on it for €180K. We don't want to sell this yet as we have really good tenants in there and they pay €700 pm in rent, the shortfall for the mortgage is around €250 pm which we pay.
We are living in a different county and really want to buy. I have just started a new job and my salary is €37k, it is private sector although I have been offered a job in the public sector but the salary is only €21k.
My husband earns €30k.
We have no loans and have €20k saved.
Would we get a mortgage? We would be looking for around €200k.
Thanks in advance for any advice
We currently own a property that is in negative equity by around €30k, currently valued around €150k. We have a variable rate mortgage on it for €180K. We don't want to sell this yet as we have really good tenants in there and they pay €700 pm in rent, the shortfall for the mortgage is around €250 pm which we pay.
We are living in a different county and really want to buy. I have just started a new job and my salary is €37k, it is private sector although I have been offered a job in the public sector but the salary is only €21k.
My husband earns €30k.
We have no loans and have €20k saved.
Would we get a mortgage? We would be looking for around €200k.
Thanks in advance for any advice