M
my2leftfeet
Guest
Deposit - or rather "lack of"
We are looking to trade up - but have no deposit raised. We have paid a lot extra into our mortgage in recent years and reduced the term by about 6 years. Reading through posts here it seems that we will be expected to have a good proportion of the deposit [c. €70k] to hand. All of our money has been pumped into the mortgage, PRSAs and SSIAs - and we only have about €10k to hand. Will this stand against us?!
We are looking to trade up - but have no deposit raised. We have paid a lot extra into our mortgage in recent years and reduced the term by about 6 years. Reading through posts here it seems that we will be expected to have a good proportion of the deposit [c. €70k] to hand. All of our money has been pumped into the mortgage, PRSAs and SSIAs - and we only have about €10k to hand. Will this stand against us?!