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Transferring a mortgage

  • 27-02-2016 10:00pm
    #1
    greengirl31
    Registered Users, Registered Users 2 Posts: 416 ✭✭


    I got a mortgage 5 years ago for €180k and bought an apartment. The apartment is worth about €230 now and Ive inherited some money now and I want to trade up.
    So I'm wondering can I sell the apartment and put the €230k to the inheritance and buy without having to apply for a new mortgage or will I have to clear the mortgage on the apartment and apply for a new one for the new house??
    Thanks
    A


Comments

  • #2
    MAJJ
    Registered Users, Registered Users 2 Posts: 1,679 ✭✭✭MAJJ


    greengirl31 wrote: »
    I got a mortgage 5 years ago for €180k and bought an apartment. The apartment is worth about €230 now and Ive inherited some money now and I want to trade up.
    So I'm wondering can I sell the apartment and put the €230k to the inheritance and buy without having to apply for a new mortgage or will I have to clear the mortgage on the apartment and apply for a new one for the new house??
    Thanks
    A

    Selling means new mortgage


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