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Self-Build Mortgage

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  • 22-07-2016 1:47pm
    #1
    BillSharpe
    Registered Users Posts: 1 ✭


    Hi,

    An answer to the below question would be much appreciated
    • I'm single, aged 34.
    • I current have a mortgage. 314,000 - House is worth 275,000
    • I have a site, which I would like to build a 3 bed house on. (Max 150,000 mortage)
    • I receive 1,000 per month rent on my current property.
    • I am currently on 35K per annum.
    • I have 20,000 deposit saved.
    [*]

    Question?

    Could I get a 2nd mortgage based on the above?

    Kind regards
    Bill


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


    BillSharpe wrote: »
    Hi,

    An answer to the below question would be much appreciated
    • I'm single, aged 34.
    • I current have a mortgage. 314,000 - House is worth 275,000
    • I have a site, which I would like to build a 3 bed house on. (Max 150,000 mortage)
    • I receive 1,000 per month rent on my current property.
    • I am currently on 35K per annum.
    • I have 20,000 deposit saved.


    [*]

    Question?

    Could I get a 2nd mortgage based on the above?

    Kind regards
    Bill
    [*]
    Hi Bill, 

    Thanks for your post.

    We would advise you to speak with a Mortgage advisor who will be happy to go through this with you, as a number of factors are taken into account. I see you've also sent us a private message here on Boards so I'll reply to you there in order to arrange a call back to you. 

    Thanks,
    Sarah


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