Hi,
I've been approved for a mortgage for a 2nd property which I am going to live in. My 1st property is an investment property in another part of the country with less than 50% mortgage. The rental income on this fully covers the mortgage repayments. Would I have to inform the bank where I received the 2nd mortgage if I released equity now on the 1st property? It would only cost me approx 100euro a month
Thanks!
I've been approved for a mortgage for a 2nd property which I am going to live in. My 1st property is an investment property in another part of the country with less than 50% mortgage. The rental income on this fully covers the mortgage repayments. Would I have to inform the bank where I received the 2nd mortgage if I released equity now on the 1st property? It would only cost me approx 100euro a month
Thanks!