1. Paul


    What happens if the 5.5 multiple of earnings is not even close to the outstanding loan?
    Eg. single person income of 35k per year, loan of 270k, property value 120k (neg equity of 150k).
    5.5 * 35k = 192,500
    less loan of 270,000 gives a minus figure!

  2. @Paul good point but a rhetorical question, obviously in that case they won’t get any loan facility!

  3. Ken

    My wife & I want to move house & approached our bank about same. We are in negaitve equity (€110,000 approx) but not in arreas. We gave them all the info they needed & they means-tested us. We don’t have any other loans except the mortgage. We passed the means-test & still they refused to allow us move.

  4. Stephen

    We sold our house last year and have been left with a 50K loan from the negative equity with KBC, we have been renting for past 18months but really want to buy. BOI told us we could only get 200,000 due to kbc loan but we have a joint income of 81,000. Do you know if we went back to KBC would they treat this like a home move and add it on if we have deposit?

  5. @Stephen, It’s hard to say in advance because underwriting decisions are made with far more information that I can get out of your question. Having said that, if you have a deposit, they may consider this (and assuming your negative equity payments are all up to date), because it would probably fit the criteria in terms of loan amounts, the only issue would be reduced repayment capacity because there is a set of rules for a chained transaction versus one where they calculate based on current situation minus financial outgoings. Call if you need help

  6. Sean

    Can you help with mine. Joing income is 66k. House value is 116000. Morgage left is 128000. What can i borrow?

  7. Louise

    Hi, hoping you can help!

    Thinking about approaching the bank but hoping you could offer some advice in advance of this.

    Our story is as follows;

    1 rental property- mortgage of €240k, value €100k – rent €900 per month.

    1 principle private residence – mortgage of €360k, value €180k

    We have savings (i.e. deposit) of €65k

    Combined income is €120k

    Not in arrears on either mortgage.

    No other loans

    What if anything do you think could the bank (ICS for both mortgages)?

  8. Tara

    I have a a current mortgage of 157K Property value 85K Single person earns 30K pa
    Savings of 8K
    What are my options of getting a new mortgage I’ve been turned down by KBC

  9. Michelle


    I have 2 negative equity mortgages with my ex – the joys!! I want to get one of them in my name. I’ve been paying it for the last 6 years alone. its for 450k, I’m on a basic salary of 110k. I’d like to move from my current provider – is it possible? The other mortgage is for 280k – my ex takes full responsibility for it and pays it but technically its still in my name too and he cant seem to get my name off it.
    Are there any options available to me?

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