Teacher Mortgage...

guess

I am aware that there are special offers for car insurance if you are a teacher...

Is there any such schemes out there for the teachers attempting to get their foot on the property ladder...i.e teacher mortgages?

Trotter

guess wrote: »

I am aware that there are special offers for car insurance if you are a teacher...

Is there any such schemes out there for the teachers attempting to get their foot on the property ladder...i.e teacher mortgages?

I've always found those teacher deals to be a bit of a gimmick. Theres always a cheaper option in my opinion.

corcaighcailin9

You should try EBS. They take into account the next couple of points on the salary school and base the amount they'll give you on your future earnings. Or they used to before banks tightened up a bit.

rainbowtrout

I think the crowd you are thinking of is Cornmarket. But as was said you could still do better by shopping around.

TheDriver

Ditto, found the teacher deals as pure tripe. VIVAS has a teacher plan which is exact same as Iplan level 2 except it has counselling as a perk for 2 euro more a year. And we get that already paid for by the department through some VHI led scheme

guess

Have to say my car insurance went from 1500 with hibernian to 750 with cornmarket, im only driving a year and still dont have my test passed. Theres a 30% sale on at the moment with them for teachers specifically. Ends in April. I was pretty happy with this, also with that your are insured for on the schools grounds damage and 24/7 road assistance. I couldnt get a better deal than and I did shop around.

corcaighcailin9

Be very, very careful when dealing with cornmarket. Had a near miss with them recently. They are only interested in the commission they earn whenever you sign up for something with them. Have heard plenty of bad stories about them from colleagues. While the housing market is quiet at the moment, it's supposed to get even quieter so spend as much time shopping around for your mortgage as you do for your house. Good luck!

Nead21

does anyone know if you have to have a permanent contract to get a mortgage? i'm covering maternity leave at the moment, and will probably get another maternity leave/parental leave after this ends as im just starting out.

rainbowtrout

best place to find that out would be a bank/building society etc. None of my friends had problems getting mortgages with EPT contracts, having said that, their contracts were being renewed indefinitely. Maternity leaves are another matter, they are short term contracts with no guarantee of another job at the end of it. I'm not sure a bank would be too happy giving a mortgage to someone who wasn't going to get paid for the summer.

hgf

Nead21 wrote: »

does anyone know if you have to have a permanent contract to get a mortgage? i'm covering maternity leave at the moment, and will probably get another maternity leave/parental leave after this ends as im just starting out.

teaching is one of the few proffessions that you dont have to be permanent to get a mortgage. however you have to be temporary i think, u mightn't qualify if you are doing materity leave. if that means you re seen as a substitute? depends on how you are regitered, temp r sub. not sure the way that works myslef, but then you'll prob no yourself

Nead21

thanks for your help

guess

Both me and the boyf are on temp contracts and AIB didnt have any major issue with it, but both of us feel we will be kept on in sept and will be paid this summer.