codemonkey
Registered User
- Messages
- 4
Hi guys, me and the wife are trying to figure out whether to sell or now.
Situation is - living in 3 bed semi in cork city, when we bought had 1 child, now have 3 so place is a bit cramped. Currently have UB tracker, not in negative equity. Have €30k savings so we could convert the attic to a fourth bedroom for extra space or we could use it to trade up to a bigger house.
If we move we lose the tracker (I'm meeting the bank soon to see exactly what the situation these days is with the tracker).
If we stay we could possibly convert the attic and have mortgage paid in about 10 years. If we move we have a bigger house but higher repayments and longer term. The area we live in currently isn't the best either, it's ok though and I'm very close to work.
Situation is - living in 3 bed semi in cork city, when we bought had 1 child, now have 3 so place is a bit cramped. Currently have UB tracker, not in negative equity. Have €30k savings so we could convert the attic to a fourth bedroom for extra space or we could use it to trade up to a bigger house.
If we move we lose the tracker (I'm meeting the bank soon to see exactly what the situation these days is with the tracker).
If we stay we could possibly convert the attic and have mortgage paid in about 10 years. If we move we have a bigger house but higher repayments and longer term. The area we live in currently isn't the best either, it's ok though and I'm very close to work.