Nationaldude
Registered User
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Apologies if this has already been discussed but I can't find a thread with the same query.
Basically I'm sounding this out for a couple of friends of mine, they have an apartment they want to sell, valued at €170k, mortgage outstanding with RBS/Pepper €190k. Both in secure state jobs, no arrears, they want to buy a house and have mortgage approval in place with BOI for €230k once the apt is sold. The question is would RBS/Pepper consider writing off the €20k shortfall if they sell the apt for €170k? If so how would you negotiate with them etc??
Thanks in advance.
Basically I'm sounding this out for a couple of friends of mine, they have an apartment they want to sell, valued at €170k, mortgage outstanding with RBS/Pepper €190k. Both in secure state jobs, no arrears, they want to buy a house and have mortgage approval in place with BOI for €230k once the apt is sold. The question is would RBS/Pepper consider writing off the €20k shortfall if they sell the apt for €170k? If so how would you negotiate with them etc??
Thanks in advance.