We have a house in the UK that was valued at around £490,000 but obviously will have gone down in value with this so called credit crunch.

I have lived in ireland for four years+ and i have been renting all this time my rent is about to increase to 700 euros

my question is do you think i could get a mortgage at the moment and who would be most likely to lend

I have a bad credit history in UK although i have managed to pay my mortgage which is up to date. i owe approximately £125,000 so i will have a reasonable amount of equity in it even with the dip in value at the present time

Would you suggest i re-mortgage my house or carry on paying rent. i work in construction so my work is sporadic at the moment

Also i have had my mortgage on interest only for past six months as work was slow but i am in a position to put it back onto re-payment mortgage as i have a tenent in my house which is more than covering the mortgage . should i do this or save the difference in back towards a deposit on a home in Ireland. Thanks for advice

Tagged with: Getting • Ireland • Mortgage

Filed under: Advice

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