My brother sold his PPR 9 or so years ago. after oaying his mortgage he had a fairly substantial sum left with which he bought a site. Unfortunately for him the rest he invested in dodgy investments which crashed. He has been renting since and paying €1000 per month. Both he and his wife are now working albeit contract positions. he has a rental property also which is "washing it's face".
My question would he get a mortgage anywhere given that he is 62, his wife is 57 and neither have permanent positions. Seems a real waste of €1000 per month to be paying in rent which could be used towards acquiring a mortgage with which to build a house on his site.
My question would he get a mortgage anywhere given that he is 62, his wife is 57 and neither have permanent positions. Seems a real waste of €1000 per month to be paying in rent which could be used towards acquiring a mortgage with which to build a house on his site.