Daisy duke
Registered User
- Messages
- 66
We can pay the negative equity balance from savings but are short on deposit for new property.
That criteria applies to a negative equity trade up, I am trying to trade down by around €130k - thus reducing risk for both parties, so not sure how it doesn’t make sense.It's worth bearing in mind that even if you were being paid in Euro, you still wouldn't meet KBCs criteria for negative equity mover. You need to have at least 10% deposit (plus legal fees
I agree with you on the making sense part, but if it wasn't for offerings like the negative equity trading up products, people would need 20% deposits under CBI rules.That criteria applies to a negative equity trade up, I am trying to trade down by around €130k - thus reducing risk for both parties, so not sure how it doesn’t make sense.
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