Eligible for mortgage approval after a DSA ?

Willm5499

Hoping to shed some light on a situation.

My fianceé and I bought a one bed apartment in January 2008 for 265k through the Dublin city councils shared ownership scheme. A couple of months later came the crash. We accepted our situation and continued like most people however in 2011 we had our first child which mad it harder to stay in the one bed.. we spoke to the council about moving to a bigger property and still pay the same as we were but they said no. We stressed to them that it wasn't a money problem it was simply we needed a bigger place to raise our child. To cut a long story short we contacted new beginings and spoke with a PIP. We done a deal with the council & bought out of the contract handing back the keys without being blacklisted.

A couple of questions:

Would we qualify for a mortgage now considering we done a DSA ?

Are we classed as 2nd time buyers after this long ?

Any advice on the above would be greatly appreciated, thank you

GavMan

Willm5499 wrote: »

Hoping to shed some light on a situation.

My fianceé and I bought a one bed apartment in January 2008 for 265k through the Dublin city councils shared ownership scheme. A couple of months later came the crash. We accepted our situation and continued like most people however in 2011 we had our first child which mad it harder to stay in the one bed.. we spoke to the council about moving to a bigger property and still pay the same as we were but they said no. We stressed to them that it wasn't a money problem it was simply we needed a bigger place to raise our child. To cut a long story short we contacted new beginings and spoke with a PIP. We done a deal with the council & bought out of the contract handing back the keys without being blacklisted.

A couple of questions:

Would we qualify for a mortgage now considering we done a DSA ?

Are we classed as 2nd time buyers after this long ?

Any advice on the above would be greatly appreciated, thank you

Get a credit report from the Credit Bureau and see what it says about the completion of this loan. I would imagine you would be a 2nd time buyer alright

Samuel T. Cogley

Definitely a second time buyer.