H
Hope
Guest
I know negative equity has been discussed in detail previously in lot's of posts but I am looking for some advise from anyone in a similar situation who may be further down the process than we are.
Currently have a mortgage of €635k (house value c.€500k) with all repayments up-to-date, reduced the term on the mortage over 12 months ago to make inroads on the negative equity which has helped (a tiny bit).
No issues in terms of affording the repayments on the mortgage but we would like to relocate out of Dublin. Plan would be to sell the house and buy down the country bringing whatever negative equity with us as the mortgage level is not an issue. This is a short/medium term plan........is it a pipe dream?
Currently have a mortgage of €635k (house value c.€500k) with all repayments up-to-date, reduced the term on the mortage over 12 months ago to make inroads on the negative equity which has helped (a tiny bit).
No issues in terms of affording the repayments on the mortgage but we would like to relocate out of Dublin. Plan would be to sell the house and buy down the country bringing whatever negative equity with us as the mortgage level is not an issue. This is a short/medium term plan........is it a pipe dream?