Hi all,
Apologies if this has been asked before...
I have a mortgage of about 250k outstanding on my home; good track record with repayments and never in arrears.
Do banks entertain the idea of selling the house for say 200k and setting up a personal loan for the balance of 50k over 15 years or so?
Thanks.
Do banks entertain the idea of selling the house for say 200k and setting up a personal loan for the balance of 50k over 15 years or so?
I sold our house in December 2010 and there was a shortfall of €8k or so which is much lower than the figure you are talking about. Shortfall was converted into a loan for the remainder of the mortgage term by PTSB. They wouldn't entertain a shorter term
Yes, variable rate loan that matures in 2039. I asked for it to be over a 3 or 5 year period but was told that it has to be for the remainder of mortgage term?
Yes, variable rate loan that matures in 2039. I asked for it to be over a 3 or 5 year period but was told that it has to be for the remainder of mortgage term?
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