Switch to purchase 2nd Property?

QuickQ

New Member
Messages
1
Hi there!

My current situation:
Salary €65,000 a year. No dependents.
Only €39,000 left on current mortgage. (Variable rate)
Edit: Only 7 years left on it
PPR is a 2 bed apartment in Woodquay, Galway City, neighbors sold same unit for about €180,000 last year.
Have renovated the kitchen and the bathroom within the last year.

Would like to purchase a 2nd property and potentially move into it. Ideally rent out the original PPR to cover the mortgage.

Just wondering what my options are, what type of loan do I need, max amount I can borrow etc.

Thanks!
 
Last edited:
Top