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Mortgage help

molly_1 · 2014-04-28 22:03:40

Hey,trying to think this tru and was wondering if anybody knows a bit more or has gone tru this experience I bought a house 7 years ago for 200k with my sister,it was a 100% mortgage.its in the country and due to work commitments I was not able to move into it,I continue to live and rent in Dublin and can't see it…

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#32 29-04-2014 5:04pm
The_Conductor

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By rights- she should be paying you rent for your half of the property- you are paying your part of the mortgage- which is effectively, letting her stay in the property for half what it would otherwise cost her.

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#33 29-04-2014 5:06pm
Larry Wildman

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MayoSalmon wrote: »

Ehh it is very possible and hundreds are doing it. Its called "jingle mail" apparently.

Close friend works in NAMA and the amount of post they receive on a weekly basis with keys is unreal. Most move abroad after doing such though. There is a claus that after a certain amount of years the debt will cease to follow you.

You won't get a loan ever again but such is life.

The OP would be far better served working with his/her bank towards a sustainable solution.

Jingle mail is not a runner in Ireland.

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#34 30-04-2014 8:32am
Rachiee

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Sounds like the op is already on an interest only mortgage repayment there's not much more the bank Will offer.

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