Ask Emma: Should I go for a negative equity mortgage?
Question: I’m hoping to trade up from an apartment (bought during the boom when I was single) to a family home suitable for myself, my husband and our children. We have very limited savings. Should I sell my apartment while it is still in negative eq
Sandra, Lucan, Co Dublin
Answer: Sadly, your situation is one we hear about all too often. People who bought properties during the boom years have moved on, had families and now find themselves trapped in properties that are not suited to raising a family.
For families like your own, the last couple of years have brought some hope. Banks have introduced products to cater for borrowers in negative equity, which should allow some ...
