Advice sought
Am currently living in my home which is in negative equity value (€270k, loan €310k- prices are gradually rising in the area). This property was purchased for €345k in May 2008 with an ex partner who has not contributed since late 2008. I have made all payments on the loan apart from three missed payments in 2013 which have since been consolidated on the loan following compliance with the banks requests in 2013.
I am a public servant and I have since married another public servant, combined household income is approx €130k pa. We are expecting our first child in December.
I am exploring the options available to me, one of which being a negative equity trade up mortgage. I am unsure of the procedure and I'm also worried as to how my missed mortgage repayments in the past will impact on my application.
Advice is welcome, thanks
Am currently living in my home which is in negative equity value (€270k, loan €310k- prices are gradually rising in the area). This property was purchased for €345k in May 2008 with an ex partner who has not contributed since late 2008. I have made all payments on the loan apart from three missed payments in 2013 which have since been consolidated on the loan following compliance with the banks requests in 2013.
I am a public servant and I have since married another public servant, combined household income is approx €130k pa. We are expecting our first child in December.
I am exploring the options available to me, one of which being a negative equity trade up mortgage. I am unsure of the procedure and I'm also worried as to how my missed mortgage repayments in the past will impact on my application.
Advice is welcome, thanks