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Hi,
I currently have two properties, one primary family home and a second rented investment property. Both have mortgages and not in negative equity (APROX €200K Debt 50/50 ). I have another old commercial property in my name that I want to convert into one/two rental residential properties. It will take +€300k to complete works. Could I avail of a loan rather then a mortgage, realistically I would only have €15k in funds, so I will not be near the required criteria and the LTV could be poor. Is there a lender out there who I could approach ?
I currently have two properties, one primary family home and a second rented investment property. Both have mortgages and not in negative equity (APROX €200K Debt 50/50 ). I have another old commercial property in my name that I want to convert into one/two rental residential properties. It will take +€300k to complete works. Could I avail of a loan rather then a mortgage, realistically I would only have €15k in funds, so I will not be near the required criteria and the LTV could be poor. Is there a lender out there who I could approach ?