Hi Guys
Had a look and didn't see it but apologies if this has been covered previously. APOLOGIES, JUST CAME ACROSS KFC1 POST, MISSED IT EARLIER
I bought an AH in Galway approximately 2 years ago. My mortgage provider is BOI. My personal situation has changed since I purchased, my partner has moved in and we have just gotten engaged. Unfortunately we both are carrying some hefty financial baggage, in my case as a result of an expensive divorce and I would really like to refinance. Our combined current (all in inc. bills, maintenance etc) monthly outgoings are in the region of 3400 from a net income of c. 3900 which is really hurting and long term is unsustainable. From the BOI site I believe this could be consolidated by increasing mortgage from 135k over thirty years to 200k over 25 to an approximate 2100 all in which would put 1300 back into our pockets p.m.
My questions are - will the bank consider this and if not why not?
Really appreciaate any of you taking the time to respond, situation is beginning to feel desperate for me.
Thanks Guys.
Had a look and didn't see it but apologies if this has been covered previously. APOLOGIES, JUST CAME ACROSS KFC1 POST, MISSED IT EARLIER
I bought an AH in Galway approximately 2 years ago. My mortgage provider is BOI. My personal situation has changed since I purchased, my partner has moved in and we have just gotten engaged. Unfortunately we both are carrying some hefty financial baggage, in my case as a result of an expensive divorce and I would really like to refinance. Our combined current (all in inc. bills, maintenance etc) monthly outgoings are in the region of 3400 from a net income of c. 3900 which is really hurting and long term is unsustainable. From the BOI site I believe this could be consolidated by increasing mortgage from 135k over thirty years to 200k over 25 to an approximate 2100 all in which would put 1300 back into our pockets p.m.
My questions are - will the bank consider this and if not why not?
Really appreciaate any of you taking the time to respond, situation is beginning to feel desperate for me.
Thanks Guys.
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