Hello,
I will try to be brief.
Myself and the OH have a mortgage with EBS - Mortgage €310k. House market-value: €270k (maybe €280k).
We would like to move. The type of home we have in mind is a fixer-upper. It seems feasible that we can get the next home for about €250k, we would also need €80 - €100k to invest in the home - though it will be a longer term project.
In order to have a clearer picture of the road ahead, I would appreciate some advice as to the options open to us.
Obviously the optimum is a large deposit to create a smaller overall mortgage - but is a €35k deposit the only show in town?
Thanks for your time.