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Repayment capacity/mortgage!

  • 19-05-2013 2:34pm
    #1
    ekoeko
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi,
    could anyone help me with experience.
    We are looking at house 200 000.
    Have 20 000 for deposit.
    Paying rent 750 p/m last 5 years
    Savings 1000 p/m last year and half
    Have money for legal fees etc.
    Excellent credit history( 3 loans previously paid off before the time)
    2 kids
    Joint income 47k
    Is there any chance to be approved for 180 000 mortgage?

    I know wages are not that high, but we can prove that we pay 750 rent and save 1000 a month. Will that play big role when it comes to decision?


Comments

  • #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Its possible- you'll need to shop around and organise to visit KBC and the other lenders. Technically you are outside the rules governing multiples of earnings- however you're pretty borderline, so I'd ask around. If you can find an independent mortgage broker- it might be worth your while having him/her do the legwork for you.


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