[dave98]

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]

Originally Posted by dave98

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.

[dave98]

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

[beertons]

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

[dave98]

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

[Firetrap]

Originally Posted by dave98

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.

[Oliver1985]

Originally Posted by dave98

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]

Originally Posted by dave98

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.

[Fighting Irish]

Originally Posted by AARRRGH

Good value compared to what?

Please don't say 2006/2007 prices.

but but but its my dream home /usualresponce

[Tech3]

Originally Posted by dave98

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]

Originally Posted by dave98

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...