Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Loan for site when already have house mortgage

  • 30-09-2020 9:03pm
    #1
    rodge123
    Registered Users, Registered Users 2 Posts: 1,480 ✭✭✭


    Looking to purchase a site to build a new house on.

    We would need about 80k to purchase a site.

    Currently have a mortgage on our own house with LTV of 50%.

    Would like to buy site, getting planning permission and then sell up house clearing mortgage and clearing the site loan also.
    Would have cash left plus take out new mortgage to do new build.

    Any thoughts on best way to get the short term loan to fund site purchase until we sell current house? (After we get planning permission)

    Maybe it’s possible sign contract for site subject to planning permission (Sites mention this anyway) plus subject to selling our home?


Advertisement