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Affordable Housing

Plastic Bari · 2009-06-17 18:08:49

Hi All, With the affordable housing it says you only need 3% of the price saved and you get a 97% Mortgage, have been saving to buy a appartment out straight but they have nice affordable homes in my area

17-06-2009 6:08pm

#1

Plastic Bari

Closed Accounts Posts: 55 ✭✭

Join Date: February 2009

Posts: 41

Hi All,

With the affordable housing it says you only need 3% of the price saved and you get a 97% Mortgage, have been saving to buy a appartment out straight but they have nice affordable homes in my area

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Comments

#2 17-06-2009 6:40pm

irlrobins

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So what's your question/point?

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#3 17-06-2009 6:47pm

Plastic Bari

Closed Accounts Posts: 55 ✭✭

Join Date: February 2009

Posts: 41

Do they give you a 97 % mortgage?

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#4 17-06-2009 6:50pm

irlrobins

Registered Users, Registered Users 2 Posts: 7,541 ✭✭✭

Join Date: May 2005

Posts: 6934

It's possible to get up to 97% mortgage yes. But the exact amount will vary from case to case. It will depend on how much you earn, your savings, value of property, who is lending you the money etc. So you might get offered a 97% mortgage, but you might be offered less or nothing at all.

More info available here.

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