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Getting a mortgage for €150,000

Fat Cant · 2012-04-19 20:58:58

Howdy all My girlfriend and I was thinking of getting married next year . We talked about building a house on my own farm. I was thinking would it be possible to get a morgage between us both . Her salary is €30000 take home, she's in a perment job . Me on the other hand make €15000 off the farm . We have savings of €50000…

19-04-2012 8:58pm

#1

Fat Cant

Registered Users, Registered Users 2 Posts: 107 ✭✭

Join Date: December 2011

Posts: 68

Howdy all
My girlfriend and I was thinking of getting married next year . We talked about building a house on my own farm.
I was thinking would it be possible to get a morgage between us both . Her salary is €30000 take home, she's in a perment job . Me on the other hand make €15000 off the farm . We have savings of €50000
Would it be possible to get a morgage with these incomes and if we did how much would we have to pay for €150000 over the shortest possible morgage time ?
Would we get interest relief ?

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Comments

#2 20-04-2012 9:52pm

Dannyboy1987

Closed Accounts Posts: 202 ✭✭

Join Date: February 2010

Posts: 175

Contact the bank you have a good bit saved up so can't see why not

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#3 20-04-2012 10:02pm

questionmark?

Registered Users, Registered Users 2 Posts: 3,078 ✭✭✭

Join Date: December 2009

Posts: 3013

With savings of 50k and looking for mortgage of 150k you can certainly get a mortgage based on your earnings. The magic mark is 75% Loan to Value which you are well below. Talk to mortgage providers you should get a good 2 /5 year fixed term on those financial conditions.

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