Hi all,
looking for some options (if any) please.
We have an interest only mortgage of €298K with Haven till 2030.
The interest rate is a whopping 4.9%!
The rent is covering this and the bills with about €80 a month leftover.
We would love to start paying some of this off and will need to sell eventually to pay off the mortgage.
Similar houses in the area are for sale at €420K.
Are there any other lenders out there that I should be talking to, perhaps at a 75% LTV rate if I managed to pay some of the capital off?
Just trying to think outside the box you could say.
Obviously losing the full amount of mortgage relief would need to be considered but any advice would be appreciated.
Many thanks
Palo
looking for some options (if any) please.
We have an interest only mortgage of €298K with Haven till 2030.
The interest rate is a whopping 4.9%!
The rent is covering this and the bills with about €80 a month leftover.
We would love to start paying some of this off and will need to sell eventually to pay off the mortgage.
Similar houses in the area are for sale at €420K.
Are there any other lenders out there that I should be talking to, perhaps at a 75% LTV rate if I managed to pay some of the capital off?
Just trying to think outside the box you could say.
Obviously losing the full amount of mortgage relief would need to be considered but any advice would be appreciated.
Many thanks
Palo