Returning to college full time

[moondance]

I am considering a career change and this would involve returning to college full time for 3 years minimum. It would be too far to travel to so I would have to move to a new location in Northern Ireland (currently live in Republic).

Just wondering what my best option would be with regards my current property. I bought it only last year with a 35 year tracker mortgage with First Active, if I sold it I might break even or maybe lose some money on it. I could rent it out but it wouldn't cover my mortgage payments (about 200euro per month shortfall). Does First Active allow mortgage breaks and for how long and for what reasons? Can I change a tracker mortgage to interest only? If I did that how much would I be paying monthly (mortgage 155000, interest 5.15%, 35 years)?

 

[jeny]

First Active CLAIM they give repayment breaks but when i applied for one i was told if i paid upfront i coulf take a break.... Pretty defeats the point if you ask me¬!

Best bet is to go into your local branch and enquire about what you can do.

Could you not go and try and do a course in the evening?

I dont think now is the best time in the market to sell a house. If you could hold off would be better id say