Hi folks,
I am looking for some advice.
I have 170k remaining on my mortgage. The current value of the house is 100k. The size of the house is really restricting myself and my wife from having more kids.
We have had the mortgage for six years and have never had a problem paying. Our current monthly payment is 620 euro, on a tracker mortgage and our earnings are 3,500 per month. If possible, we would be happy to sell it for 100k, rent another property and pay the rest off as a loan to the bank so we can move on with our lives.
I'm wondering who i would approach in the bank to discuss the possibility of this? Would it be the local bank manager or do I have to go higher?
Thanks
I am looking for some advice.
I have 170k remaining on my mortgage. The current value of the house is 100k. The size of the house is really restricting myself and my wife from having more kids.
We have had the mortgage for six years and have never had a problem paying. Our current monthly payment is 620 euro, on a tracker mortgage and our earnings are 3,500 per month. If possible, we would be happy to sell it for 100k, rent another property and pay the rest off as a loan to the bank so we can move on with our lives.
I'm wondering who i would approach in the bank to discuss the possibility of this? Would it be the local bank manager or do I have to go higher?
Thanks