CavanIrish
Registered User
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They have never once paid the mortgage which left me paying it and we have been estranged now for over 15 years with no contact at all.
Yes, this is correctYou have not spoken to your parents in 15 years. In this time you have paid in full a mortgage on the house that you own. They continue to occupy the house and you have no access to it.
Do I understand this correctly?
I take it you are not in an RPZ?The receiver is now trying to increase our rent by almost €400 a month which we cannot afford to pay.
Have you approached the bank and asked for an interest only option, or extend the term, my guess is you are mid 40's so plenty road left yet.
What is the Loan to Value like, you may also get a reduced interest rate, or even move the mortgage.
It's you ability to pay is the key point here, the security is not enforceable due to your folks being in it
Did you give a personal g/tee with the mortgage?
I had to when I did something similar
No, unfortunately not.I take it you are not in an RPZ?
Not without a deposit unfortunately, which we have not been able to save for due to paying a rent and a mortgage.Can your husband raise a mortgage on his salary alone?
I do, and pay the LPT.
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