Hi,
I owe €275k on an Apartment with a sale value of approx €180 ie close to €100k Neg Equity.
I have through inheritance a sizable sum of €150k with which I wish to purchase a second property.
Is it likely I can get a Second Mortgage? Wishing to buy a place for €220 so about €70k needed, even though original place is in Negative?
Is this possible?
I owe €275k on an Apartment with a sale value of approx €180 ie close to €100k Neg Equity.
I have through inheritance a sizable sum of €150k with which I wish to purchase a second property.
Is it likely I can get a Second Mortgage? Wishing to buy a place for €220 so about €70k needed, even though original place is in Negative?
Is this possible?