I have a mortgage of 130k with the Irish Nationwide with a variable rate of 3.48%.
I’m looking to buy a house with my boyfriend worth 335k but will keep the original property and rent it out.
In order to get a second mortgage with another lender I will either have to transfer my Nationwide mortgage over to them or get a top up to the value of 8% of 335k on my Nationwide mortgage and take out a second 92% mortgage with another lender.
I would like to move away from Irish Nationwide altogether but with demutualization due to happen next year is it best to just wait and see if I get the windfall even if I am paying higher rates?
I’m looking to buy a house with my boyfriend worth 335k but will keep the original property and rent it out.
In order to get a second mortgage with another lender I will either have to transfer my Nationwide mortgage over to them or get a top up to the value of 8% of 335k on my Nationwide mortgage and take out a second 92% mortgage with another lender.
I would like to move away from Irish Nationwide altogether but with demutualization due to happen next year is it best to just wait and see if I get the windfall even if I am paying higher rates?