New to this but wonder if anyone can offer some advice. I bought a 3 bed semi at the end of 2006 for €285k and it is now worth around €260k (probably less). When I took out my mortgage I was given €210k and the rest of the cost of the house was given to me as a gift by my parents. They took out an interest only mortgage for 7 years, which I pay along with my own mortgage. The broker I was dealing at the time advised that in a number of years when the equity in my house increased and my circumstances improved I could remortgage to clear the €75k in my parents name. All seems fairly silly in hindsight but I know I am not the only person to have done this. My query then is, obviously I don't have enough equity in my own house to remortgage as planned and this is not likely to change any time soon. I have 4 years left to clear my parents mortgage or for my house to go back up in price and am wondering what my options are either now or at the end of the four years in respect of clearing this. Under the circumstances that I was effectively given a 100% mortgage (bank knew what we were doing at the time, same bank gave both mortgages) would the bank look at letting me increasing my mortgage even though it would be more than the value of my house. Or would it be an option to be named on my parents deeds and try and get a mortgage on this over a longer period than the remaining 4 years. Any other suggestions appreciated.