dave98 Registered User
#1

Just wondering if anyone can help. A am looking to get a morgage with EBS. They looked at my bank accounts and said if i had another €7000 in savings they would happily give me the loan. I was just wondering if there was "a quick" way to increase your savings - nothing dodgy. I was thinking of getting a credit union loan for €7k and lodging that into my bank account but would EBS find out??? Any help would be appreciated

AARRRGH Banned
#2

dave98 said:
would EBS find out???


Yes, it'd be on your credit report.

Just save the money over the next 12 months and buy next year. You'll save yourself a fortune with falling house prices.

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dave98 Registered User
#3

but i thought banks didnt have access to credit union accounts..,...

beertons still has room for more
#4

Leave it 12 months man. One big loan is enough to be paying off, let alone 2 of them.

dave98 Registered User
#5

i know ya but the house is really good value at the mo. no patience i suppose

Firetrap Closed Account
#6

dave98 said:
but i thought banks didn't have access to credit union accounts..,...


You'd be surprised how many of them are now members of the Irish Credit Bureau (link) No bad thing IMHO.

1 person has thanked this post
Oliver1985 Registered User
#7

dave98 said:
Just wondering if anyone can help. A am looking to get a morgage with EBS. They looked at my bank accounts and said if i had another €7000 in savings they would happily give me the loan. I was just wondering if there was "a quick" way to increase your savings - nothing dodgy. I was thinking of getting a credit union loan for €7k and lodging that into my bank account but would EBS find out??? Any help would be appreciated


How much is the house and how much you have saved already?

AARRRGH Banned
#8

dave98 said:
i know ya but the house is really good value at the mo. no patience i suppose


Good value compared to what?

Please don't say 2006/2007 prices.

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Fighting Irish Registered User
#9

AARRRGH said:
Good value compared to what?

Please don't say 2006/2007 prices.


but but but its my dream home /usualresponce

Tech3 Closed Account
#10

dave98 said:
Just wondering if anyone can help. A am looking to get a morgage with EBS. They looked at my bank accounts and said if i had another €7000 in savings they would happily give me the loan. I was just wondering if there was "a quick" way to increase your savings - nothing dodgy. I was thinking of getting a credit union loan for €7k and lodging that into my bank account but would EBS find out??? Any help would be appreciated


By the sounds of it you don't seem to have enough for a deposit at least. The best idea is to save now and wait for house prices to fall maybe 2 or 3 years time. Then reassess you situation. It will make an unbelievable difference. I would expect average prices outside Dublin for a 3 bed semi d or detached to be in the 100-150K range.

Other places like Donegal and Longford where little hope for unemployment and poor services will be less maybe from 60K-80K

the_syco Registered User
#11

dave98 said:
i know ya but the house is really good value at the mo. no patience i suppose

Actually, it's not. It's sh|te value. It's only good value when you can afford it...

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