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mover mortgage

  • 08-07-2018 8:47pm
    #1
    hed
    Registered Users, Registered Users 2 Posts: 25 ✭


    Hi, I have been approved a mover mortgage in principal for 177,000. A small cottage has come up in the exact area that I would love to live in it is perfect except it is small. The asking price on this is only 155,000. My question is could I get a mortgage of 124000 and put 31000 of my equity to it and then use a further 133000 equity to build on an extension to this cottage?
    The seller is keen to get his house sold so i cant see him waiting 4 months for me to get plans drawn up and planning permission. The house is habitable at the minute. I'd hate to miss out on this house as I've been looking for somewhere in this exact location for the last 12 months!
    Thanks. 


Comments

  • #2
    Bank of Ireland: Sarah
    Closed Accounts Posts: 1,640 ✭✭✭Bank of Ireland: Sarah


    hed wrote: »
    Hi, I have been approved a mover mortgage in principal for 177,000. A small cottage has come up in the exact area that I would love to live in it is perfect except it is small. The asking price on this is only 155,000. My question is could I get a mortgage of 124000 and put 31000 of my equity to it and then use a further 133000 equity to build on an extension to this cottage?
    The seller is keen to get his house sold so i cant see him waiting 4 months for me to get plans drawn up and planning permission. The house is habitable at the minute. I'd hate to miss out on this house as I've been looking for somewhere in this exact location for the last 12 months!
    Thanks. 


    Hi hed,

    Thanks for your post.

    We'd advise you to get in touch with your Mortgage Specialist directly to discuss this as it would be very much specific to your account. They will take a look into this and can advise you further on your options.

    Thanks,
    Sarah


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