How would you mange this one AH & SO

Hi,

I bought 2 years ago on Affordable 2 bed Apartment

Property 250K Valued at 300K
I did Shared Ownership & Mortgage from DCC

I was wondering what my options are, I'm paying €1000 per month for the mortgage without interest only. This is not sustainable! giving reduction in salary, taxes etc...

Can I sell the property and walk away (Valued at €150K today) or can the DCC remove / reduce the crazy rent for the SO portion of the property.

Meeting them very soon to discuss but would like other peoples opinions on this.

Thanks, Tom

I'd like to know what YOU find out! Probably register with MABS, they'll advise.

tomtim said:

can the DCC remove / reduce the crazy rent for the SO portion of the property?

Click to expand...

What is the rent for the SO portion? And what% is the SO portion?