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Mortgage Deposit

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  • 23-01-2015 5:38pm
    #1
    hurlsey
    Registered Users Posts: 256 ✭✭


    Hi quick question reference a deposit for a house, banks want to see continuos saving,
    Would investing in prize bonds, if you could show weekly purchases, the same as weekly saving count towards a deposit? I.e. Would the bank consider it saving for the purposes of a mortgage application?


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    #2
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    hurlsey wrote: »
    Hi quick question reference a deposit for a house, banks want to see continuos saving,
    Would investing in prize bonds, if you could show weekly purchases, the same as weekly saving count towards a deposit? I.e. Would the bank consider it saving for the purposes of a mortgage application?

    Yes.


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    #3
    hurlsey
    Registered Users Posts: 256 ✭✭hurlsey


    killers1 wrote: »
    Yes.

    Thank you, I did google it but it turned very little up!


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    #4
    L1011
    Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 67,851 Mod ✭✭✭✭L1011


    Remember you must hold bonds for a certain period before taking them out, if this is current purchases.


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