I would like to buy an apartment as investment in Dublin.
I currently own a family house which has no mortgage on it.
I would need to borrow 1/3 price of my family home. This would be <50% of price of apartment.
Can I take a mortgage out on my family home. I am single with 2 children and working.
I think this would give me a cheaper mortgage rate and also avoid some of the banks buy-to-let loan charges.
Are there any risks doing this that I should be aware of. Is it sensible?
I currently own a family house which has no mortgage on it.
I would need to borrow 1/3 price of my family home. This would be <50% of price of apartment.
Can I take a mortgage out on my family home. I am single with 2 children and working.
I think this would give me a cheaper mortgage rate and also avoid some of the banks buy-to-let loan charges.
Are there any risks doing this that I should be aware of. Is it sensible?