They wouldn't have enough equity in their Donegal house to raise enough capital to clear the mortgage in Galway Nacho, it would only work the other way around. As you point out the work front is the worrying factor, but then given the likely investment in bordering N.Irl on the back of the St Andrews 'investment deal' there is likely to be a good deal of new employment quite nearby. I suppose the other option is that they could rent their house in Galway covering the Galway mortgage, and maintain that house if they need to move back to Galway. The slight snag there could be the tax implications.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?