MACTHEKNIFE
Registered User
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Hi, a few question in relation to leveraging...
Have a rental property here worth about 360k which has equity of 120k.
Was thinking of buying in Germany at a cost of 310k in total.
Can I use the equity in the Irish property to borrow all the funds for the German property? That would be a Loan to Value ratio 0f 82% - is that doable?
If so which banks would be likely to provide such funding?
Rental income would cover both properties in terms of mortgage.
Any information would be appreciated.
Thank you
MAC
Have a rental property here worth about 360k which has equity of 120k.
Was thinking of buying in Germany at a cost of 310k in total.
Can I use the equity in the Irish property to borrow all the funds for the German property? That would be a Loan to Value ratio 0f 82% - is that doable?
If so which banks would be likely to provide such funding?
Rental income would cover both properties in terms of mortgage.
Any information would be appreciated.
Thank you
MAC