mortgage help!!

[duneoin]

I have a house mortgage free worth about 310k and also a house with a mortgage of 280k house worth about 410000 which we live in. Is it a better option to change mortgage to other house if we were going to let it out or is this even possible.

 

[Jonathan.OB]

I wouldn't as the new mortgage will be €280k against a value of €310k, is fitting it at a tight Loan-to-Value, which is not advisable, as you may have negative equity in the near future, if the value drops by much.

Why are you looking to restructure this?

J