R Redhand Guest 2 Aug 2006 #1 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.
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.