I am helping someone on a low income who is struggling with a €200k mortgage. But it's a cheap tracker of ECB +1%, so the repayments are "only" €800 a month.
The house is worth only €120k.
He is not in arrears now, although he has been in the past during a period of unemployment.
It would be great if he could have the Negative Equity written down to €120k and retain his tracker. Image may be NSFW.
Clik here to view.
But it would also be great, if he could have the NE written down to €120k and move to ECB +4%.
Brendan
The house is worth only €120k.
He is not in arrears now, although he has been in the past during a period of unemployment.
It would be great if he could have the Negative Equity written down to €120k and retain his tracker. Image may be NSFW.
Clik here to view.
But it would also be great, if he could have the NE written down to €120k and move to ECB +4%.
Brendan
