LTV exemption for 2nd time buyer with rental property?

C

ce2016

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Anyone here know if banks are giving out LTV exemptions to second time buyers who have a rental property? A friend in work got one early this year when selling his house & buying another. But he had no other property.
We're hoping to trade up early next year but wife has rental property in Neg equity of about 30k (and 3 hours away). Will banks not touch us?
 
Putting the negative equity rental property aside for a minute, do you need an exemption for the home you are buying when you trade up? Or will you have 20% between savings and equity in your PPR?
 
We'll have about 50k between savings and equity. But that will only allow us look at house at around €250k price,if we need 20%.
Houses we really like are around 335K,which we could do if we only need 10%
 
I don't know the answer to your question, but you are better off not applying for mortgage approval until the new year, when their stock of exemptions start again.

Brendan
 
Thats exactly our plan Brendan. Just wondering if anyone else has gotten an exemption with similar circumstances to ourselves.
 
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