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Moving abroad ?

  • 15-08-2012 9:09am
    #1
    Dublin Phoenix
    Registered Users, Registered Users 2 Posts: 7 ✭


    I know a lot of people are thinking of doing this.

    I want to move abroad within the next 2 years. I have an apartment that is in negative equity - approx. 60/70K in negative equity.
    I don't want to hold on to the apartment, like rent it out etc.
    Is it possible to sell the aparment and pay off the negative equity over say 10/15 years?


Comments

  • #2
    Bank of Ireland: Linda
    Closed Accounts Posts: 719 ✭✭✭Bank of Ireland: Linda


    Hi Dublin Phoenix,

    All applications for a change in the mortgage would have to be made through your mortgage advisor in your local branch.

    Thanks
    Linda


  • #3
    Dublin Phoenix
    Registered Users, Registered Users 2 Posts: 7 ✭Dublin Phoenix


    Hi Linda,

    Thanks for that.

    At the moment, I am just wondering if it is possible or if it's a definite no - boi wouldnt be prepared to do that. I mean, have BOI done this sort of thing before?


  • #4
    Bank of Ireland: Billy
    Closed Accounts Posts: 1,066 ✭✭✭Bank of Ireland: Billy


    Hi Dublin Phoenix,

    As you correctly mention, I'm sure there are a lot of people who are in the same position and thinking of doing the same thing. In the current climate, BOI is open to looking at all options. As Linda mentioned, I would advise calling your branch and discussing it with a Mortgage Advisor.

    Thanks

    Billy


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