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!
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!
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