Do you have to declare loans in other countries on an Irish mortgage application?

audiboy

I moved to ireland in January and me and my fiance are planning to buy a house next year (she's Irish). I already have a mortgage on a house in England and also have a personal loan, I have no loans in ireland. I was wondering weather this will be checked when the mortgage company send off for a credit report and weather it will affect getting a mortgage approved.

thanks
Audiboy

godtabh

You may or may not know this but your not a first time buyer if you own somethign in Ireland and I think that has an impact on your appliation

astrofool

If you have bought a house anywhere previously, you are not an FTB.

Yes it could affect your borrowing capacity, afaik, a credit check should unearth these details to the bank (although I'm not sure how much credit info IE/UK banks share).

godtabh

astrofool wrote: »

If you have bought a house anywhere previously, you are not an FTB.

Yes it could affect your borrowing capacity, afaik, a credit check should unearth these details to the bank (although I'm not sure how much credit info IE/UK banks share).

You can get private credit checks done in the uk

ZYX

audiboy wrote: »

I moved to ireland in January and me and my fiance are planning to buy a house next year (she's Irish). I already have a mortgage on a house in England and also have a personal loan, I have no loans in ireland. I was wondering weather this will be checked when the mortgage company send off for a credit report and weather it will affect getting a mortgage approved.

thanks
Audiboy

I was in the opposite situation a number of years ago. Owned property in ireland, moved to UK and wanted to buy. UK banks were able to access all info from Irish banks. I was advised beforehand as well by a bank employee that this would happen.

audiboy

thanks for advice so what your saying is that i should declare all overseas loans and mortgages to my broker when applying.

audiboy

So what your saying is that i basically need to declare this to my broker when applying

I always thought i would be classed as a first time buyer as i don't and never owned a property in ireland

GerardKeating

audiboy wrote: »

So what your saying is that i basically need to declare this to my broker when applying

Not to do so could be considered fraud.

audiboy wrote: »

I always thought i would be classed as a first time buyer as i don't and never owned a property in ireland

Your fiance would be considered a first time buyer before you marry, but once married your UK house will count against both of you.

uberwolf

GerardKeating wrote: »

Your fiance would be considered a first time buyer before you marry, but once married your UK house will count against both of you.

afaik they will not be entitled to the stamp duty relief on a joint purchase, but she will benefit from the full interest relief