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What is negative equity?

 

This is where you have an unwanted property but you cannot sell it due to the mortgage being more than the actual value of the property. You don't need expert financial advice to know that this is not a good situation.

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Most negative equity properties came about as a result of property buying during the boom, and the massive drop in prices after the crash.

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Selling a house in negative equity Ireland

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So you've had your property valued and it is worth less than the mortgage repayments. This brings the question: how can you get rid of the property without losing money?

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WeBuyHousesDublin specialises in these type of transactions and we are in fact the only company in the country that can offer you a solution where you can walk away from both the property and the mortgage repayments.

If you have a property that is in negative equity get in touch today to find out how we can help.

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