So I will need to go to a Financi Advisor anyway I think but just looking for some advice in the meantime...
I bought an apt with a close friend 10 years ago. We lived together, no issues for years. We moved out a couple of years ago & have the apt rented.
We payed €260k at the time. We owe about €202k. €190k seems to be most we'd get if we sold now.
She is now married with children & looking to buy with husband. He owns a property with his parents. That is not being sold. They can't get a mortgage while tied to these 2 properties. She is mad to sell.
I am living with my boyfriend in his house. We would like to maybe invest in house or sell it & get a mortgage together for a bigger house.
I have no savings.
TBH I'm happy with house rented but she wants out. With no savings is there a hope in hell of me being able to buy her out? We obv had deposits at the time of buying.
Would bank allow us to sell & carry small amount of debt?
Am I mad to consider selling now when there's a "chance" we could make money if we held out?
Anyone been in a similar position?
I'm in a FT Perm job. Salary €34k. Personal loan will be cleared in 3 months. Couple of hundred on a credit card.
I bought an apt with a close friend 10 years ago. We lived together, no issues for years. We moved out a couple of years ago & have the apt rented.
We payed €260k at the time. We owe about €202k. €190k seems to be most we'd get if we sold now.
She is now married with children & looking to buy with husband. He owns a property with his parents. That is not being sold. They can't get a mortgage while tied to these 2 properties. She is mad to sell.
I am living with my boyfriend in his house. We would like to maybe invest in house or sell it & get a mortgage together for a bigger house.
I have no savings.
TBH I'm happy with house rented but she wants out. With no savings is there a hope in hell of me being able to buy her out? We obv had deposits at the time of buying.
Would bank allow us to sell & carry small amount of debt?
Am I mad to consider selling now when there's a "chance" we could make money if we held out?
Anyone been in a similar position?
I'm in a FT Perm job. Salary €34k. Personal loan will be cleared in 3 months. Couple of hundred on a credit card.