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Mortgage advise for a first time buyer

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    #32
    alliejo
    Closed Accounts Posts: 3 ✭alliejo


    spockety wrote: »
    Interesting user name :D

    Why are you scouting for FTBs?
    are you looking for some ftb leads ??


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    #33
    galah
    Registered Users Posts: 2,215 ✭✭✭galah


    cheers, all went well, no problems. We still need the full 8 %, but we'll get that somehow...but definitely no problem getting a 92 % mortgage...


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    #34
    ChewChew
    Moderators Posts: 24,367 ✭✭✭✭ChewChew


    galah wrote: »
    So what used to be 8 % is now about 5 % of the mortgage deposit....

    Any opinions on that?

    I got approved last week for a mortgage and have been offered 95% of the mortgage. I already had 2% deposit paid so just have to pay the 3% now so yeah, it is possible.


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    #35
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    As true as I'm sitting here, AIB said a 100% (yes you read correct - based on my bro's profession) FTB mortgage of 400k on a 35 year term would have been possible based on our combined income (me and my bro) - assuming no other debt and significant outgoings.

    This was back in mid 2008. I just chucked to myself. Myself and the bro earned a combined income of 60k gross.

    I'd love to go back and see what would be offered now.


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    #36
    Diairist
    Registered Users Posts: 365 ✭✭Diairist


    is this insanity? one poster offered 95, another 100%. Is this the celtic Tiger happening again? Haven't property prices further to fall? Are they being set up for negative equity?


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    #37
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    That was 100% in mid 2008, they don't exist anymore.

    Interesting about the 95%, care to elaborate ChewChew? Bullet proof highpaying job and/or huge deposit?

    It don't say on any of the banks websites that they offer 95%, wonder who does.


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    #38
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    gurramok wrote: »
    Interesting about the 95%, care to elaborate ChewChew? Bullet proof highpaying job and/or huge deposit?

    .

    cant be a hugh deposit if its a 95% mortgage. the deposit could only be 5% :p


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    #39
    alliejo
    Closed Accounts Posts: 3 ✭alliejo


    The_Chopper wrote: »
    Guys if you're looking to see how much you could potentially get use this site https://www.mortgages.ie/index.cfm/spKey/home.apply_online
    Yeah I found them good too... they will go through everything with you


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    #40
    ChewChew
    Moderators Posts: 24,367 ✭✭✭✭ChewChew


    gurramok wrote: »
    Interesting about the 95%, care to elaborate ChewChew? Bullet proof highpaying job and/or huge deposit?

    It don't say on any of the banks websites that they offer 95%, wonder who does.
    House is €200k. Bank giving me €190k and I already have €4k paid!


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