Hi,
Situation is as follows: Own a apartment Current Value 390K
Outstanding Mortgage 265K
I have acquired a site in the country and have thus far built a house to roof level. To get this far has cost €50K excluding site cost. This house is now worth 140K
To fund building I have got a personal loan of 25K but now I wish to get a mortgage to fund the competion of this house. I hopoe to rent out this property. I am thinking around 90K.
I hope that I will use this to pay off 25K loan and use the rest to fund the house.
I earn 55K and also earn €850 pm rent. Would any bank fund this? I also have a car loan of 9K for a 30K car. I also have SSIA worth approx 15K
Sky Blue
Situation is as follows: Own a apartment Current Value 390K
Outstanding Mortgage 265K
I have acquired a site in the country and have thus far built a house to roof level. To get this far has cost €50K excluding site cost. This house is now worth 140K
To fund building I have got a personal loan of 25K but now I wish to get a mortgage to fund the competion of this house. I hopoe to rent out this property. I am thinking around 90K.
I hope that I will use this to pay off 25K loan and use the rest to fund the house.
I earn 55K and also earn €850 pm rent. Would any bank fund this? I also have a car loan of 9K for a 30K car. I also have SSIA worth approx 15K
Sky Blue