Hi guys,
A friend of mine is looking to buy an investment property down in Cork for 260k & has asked me to look into it on his behalf.
The max amount I seem to be able to get for him is 90% through EBS. I guess he will have to fund the other 10% himself someway - though not quite sure how he will do this, maybe he will have to remortgage his own home.
He is 47 & wishes to sell the property on within 5 years. If he asks for interested only will they assess it on a capital & interest basis first & then offer him an interest only option should he qualify?
A friend of mine is looking to buy an investment property down in Cork for 260k & has asked me to look into it on his behalf.
The max amount I seem to be able to get for him is 90% through EBS. I guess he will have to fund the other 10% himself someway - though not quite sure how he will do this, maybe he will have to remortgage his own home.
He is 47 & wishes to sell the property on within 5 years. If he asks for interested only will they assess it on a capital & interest basis first & then offer him an interest only option should he qualify?