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Debt Consolidation Mortgages

  • 02-02-2007 3:34pm
    #1
    jamjar
    Closed Accounts Posts: 7 ✭


    Hi there,

    Does anybody know if there are any lenders who offer debt consolidation mortgages to first time buyers?

    Thanks a million,

    JJ


Comments

  • #2
    Dutz
    Closed Accounts Posts: 102 ✭✭Dutz


    pm me and i will advise


  • #3
    jamjar
    Closed Accounts Posts: 7 ✭jamjar


    pm sent, thanks


  • #4
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    they are dog expensive sub prime mortgages though :(

    are you selling them dutz ???


  • #5
    Dutz
    Closed Accounts Posts: 102 ✭✭Dutz


    no - i wish - there is alot of money to be made in it

    i do admin in a mortgage brokers and can give some advice - hope to sell one day though


  • #6
    Sarah W
    Closed Accounts Posts: 71 ✭✭Sarah W


    If you have sufficient income and equity (you can remortgage up to 95% of the property value) and your payment history on your current mortgage and loans is good - i.e. no arrears - you can remortgage with a main stream lender rather than resorting to a sub prime lender.

    Sarah

    www.rea.ie


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  • #7
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    jamjar wrote:
    lenders who offer debt consolidation mortgages to first time buyers?

    remortgage as in how there is no mortgage ..yet.

    this looks like a 110% mortgage application to me . Are there such things sarah ??


  • #8
    Sarah W
    Closed Accounts Posts: 71 ✭✭Sarah W


    Not in Ireland and very unlikely to be introduced. I misunderstood (?) Jamjar's post to say that he has his/her first mortgage and is looking to repay other debts. If that's not the case he/she needs to concentrate on clearing all unsecured debt before even thinking about taking on a mortgage.

    Sarah

    www.rea.ie


  • #9
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    Thats what I thought, Dutz , OTOH, seems to be able to source a product which will be a 100% mortgage as well as consolidate some debt and pay legal expenses and stuff so I am assuming Dutz can get me a 110% mortgage in this case.

    I'll still bet its a kaka sub prime mortgage and at 7% interest or even higher.


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