R
Redhand
Guest
Looking at investment property €330k approx with income of €12K per annum.
Existing home worth €1.2m approx with €80k outstanding on mortgage.
Want to borrow €470k in total to clear existing, finance investment property and tidy up all other items.
Can this be done with a partial repayment mortgage and a parallel pension mortgage using both properties as security? 16 years to retirement age.
Any ideas or thoughts would be welcome.
Existing home worth €1.2m approx with €80k outstanding on mortgage.
Want to borrow €470k in total to clear existing, finance investment property and tidy up all other items.
Can this be done with a partial repayment mortgage and a parallel pension mortgage using both properties as security? 16 years to retirement age.
Any ideas or thoughts would be welcome.