Buying a sibling out of inherited house

[wanda69]

My sister came to me recently as she wants me to buy her out of our late father’s Dublin home as she is moving down country. I want to keep this house as my two children who are college going are currently residing in this house along with my sister. I want to take out a mortgage to buy her out but as I have a principal private residence with no mortgage I am being told this would be an investment property. I work in Dublin and commute and am now thinking I might reside Monday to Thursday in this dublin house.

Has anyone any advice on what best way I can do this for my children who will be continuing to live in this house after college. Can I take out a mortgage not an investment one or is that my only choice? As inheritance are you exempt from stamp duty?

Any advice greatly appreciated.

 

[Brendan Burgess]

But it is an investment property so, yes, you will need an investment mortgage.

Some lenders will give you a loan secured on your home, but I imagine that the interest rate would be similar to the investment mortgage.

This article suggests that BoI will give you a loan on your home at home loan rates.

Borrowing money on your home...

According to Dominic Coyle, three Irish lenders will give you a mortgage if you have a mortgage-free home Spry Nua BoI https://www.irishtimes.com/your-money/2025/05/23/what-are-your-options-if-you-want-to-release-wealth-tied-up-in-your-home/

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