We want to move from Dublin to the country.
Our home in Dublin is mortgage free and probably worth about €900,000
We have a site and it will cost about €400,000 to build - allow another €100,000 for overspend in an extreme case.
Ideally we would like to borrow the €400,000 and build the house.
Then move into it from our Dublin home.
Then sell the Dublin home. (We will put the Dublin home on the market within about 3 months of the selfbuild being finished.)
Will a lender lend us stage payments up to €500k on the security of our home?
Or do we have to sell first to get the money and then rent while the house is being built?
L.