Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Saving for a house

  • 06-01-2016 12:13pm
    #1
    Pecker31
    Closed Accounts Posts: 200 ✭✭


    Hi I am just looking for some general advise. Myself and my partner are starting to save for our first house, we are a few years away from having the mortgage deposit but am wondering where is the best place to start saving? At the mo we are doing a direct debit to a CU. Also for 1st time buyers is it 10% of the house price you need saved. Thank you


Comments

  • #2
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    Put your details into bonkers.ie


  • #3
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    It makes no difference where you save as you will need to provide a 6 month savings statement with your mortgage application. Currently you need 10% deposit plus stamp duty of 1% of the purchase price and legal fees of approx. 2k.
    Pecker31 wrote: »
    Hi I am just looking for some general advise. Myself and my partner are starting to save for our first house, we are a few years away from having the mortgage deposit but am wondering where is the best place to start saving? At the mo we are doing a direct debit to a CU. Also for 1st time buyers is it 10% of the house price you need saved. Thank you


  • #4
    sebcity
    Closed Accounts Posts: 546 ✭✭✭sebcity


    10% on the first 220k, 20% on anything after that


  • #5
    mel.b
    Registered Users, Registered Users 2 Posts: 3,130 ✭✭✭mel.b


    Check put the best buys on askaboutmoney for the best savings accounts / interest rates. From my own experience saving for a mortgage putting the money somewhere where it's hard to access is good - i used KBC for some of my savings as i had to write to them if i wanted to make a withdrawal...it stops the temptation of dipping into it.


Advertisement