Dual Mortgage application

R

Riddo

Registered User
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I have mortgage approval for 80k for a house in the country..all good.

The apartment I live in Dublin is or sale , and I want to buy it...

The bank said I have to wait a year to get a second investor mortgage.

It will be gone by then.

Can I apply for another mortgage at the same time and draw it down for the apartment ?
 
Provided you have not signed contracts for house in country, It would be more wise to purchase the apartment you live in at present and then at a later stage consider buying a second house in country as there is plenty of them.
 
No contracts signed, but this deal is too good..have done a lot of research so well aware of prices etc in the country. So going to purchase it first.

Any other way around this without having to wait a year for bother mortgage application advice appreciated.

R
 
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