H
healyfam
Guest
Hi I bought a 1 bed apartment 4years ago for 186.000 euro paid approx 20.000 deposit and have not got tracker morg. I am a public servant and am paying my morgtage without difficulty. My income would allow me to increase my mortage. I would dearly love a house but I am in big negative equity, my apartment is now worth about 100.000. If I had stayed at home and was now looking to move out I would be able to afford a nice 3 bed house but because I bought the apartment I think I am caught in the catch 22 situation. I see this as my only opportunity to get a house with prices so low but if I wait until I have my morg redused to allow me not to move without owing a fortune to bank, I imagine house prices will have risen again and I will be stuck here again. Initial plan was to stay in apartment for 2 to 3 years make a small profit to use as deposit on a house, this is now of course gone totally pear shaped.
Do I have any options.
1) would owe about 50.000 to building soc if I sold apartment for 105.000
2) Would have no deposit for house
3) If I saw house for say 220.000 how much would bank give me.
4) I am 32year old female single on approx 40.000 per year.
Hope this gives you all the info you need.
Mary
Do I have any options.
1) would owe about 50.000 to building soc if I sold apartment for 105.000
2) Would have no deposit for house
3) If I saw house for say 220.000 how much would bank give me.
4) I am 32year old female single on approx 40.000 per year.
Hope this gives you all the info you need.
Mary
