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PTSB Mortgages

  • 11-07-2012 8:32am
    #1
    Dub Ste
    Registered Users, Registered Users 2 Posts: 483 ✭✭


    Just wondering if anyone can help.

    Does anyone know if the PTSB are doing a kind of 50-50 mortgage,one where if you are in negative equity,they take half your mortgage/house,and you take the other half?

    I'm sure I heard it on the radio the other day,but I could be mistaken.

    Did I just imagine this ???


Comments

  • #2
    BrendanBurgess
    Registered Users, Registered Users 2 Posts: 161 ✭✭BrendanBurgess


    There has been a lot of speculation about such plans. I have written a piece on "Debt for Equity" mortgages here.

    I don't think that there has been any announcement on them.

    Charlie Weston did report that split mortgages have been approved.


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