Split mortgage offer - not sustainable - advice needed

[Fin Crusader]

I agree with the other contributors, you should take the split mortgage deal offered by PTSB however try to negotiate a higher warehoused portion of the loan, say 120,000 euro so that you can actually live. Tell the banks that if they accept it, it would be a long term sustainable solution for you and that in all probability the negative equity in your property will decrease over time. Make sure that if PTSB accept your offer they do not include any provision whereby, if the negative equity reduces significantly, they can revisit the warehoused part of the mortgage before the end of term of the mortgage.