Will ptsb allow me to trade up with negative equity?

J

johnk

Guest
ok so i have a mortgage of 200k approx on a 3 bed house worth about 125k. i am paying every month and have no problem servicing the mortgage, saying that im no way flush with money but i make ends meet. My partner and i are thinking of extending our family (from 2) as we would both like more kids.

My question is this: do ptsb allow people to trade up to a bigger house and bring their neg equity with them?

essentialy im wondering can we move to a bigger house if we plan on having more kids? ie move to a property they have repossed but bring my mortgage with me?
thanks for your time. John
 
You're posting in the wrong forum I'd say. I think someone posted recently in the general mortgages forum about being allowed to do this, but it's generally done on a case by case basis, and generally i think most banks are not in favour of it.

Do you have any savings that could be used as the deposit on the next house, that would probably have a big impact also.
 
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