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

Mortgage calculator question.

  • 07-10-2020 3:06pm
    #1
    Iseedeadpixels
    Registered Users, Registered Users 2 Posts: 5,081 ✭✭✭


    Hi guys,

    All the calculators Im using are giving me numbers a lot less than what I thought. I thought the mortgage amount was 3.5 the gross salary and 90% value of the building for first time buyer....Im getting amounts of less than half my salary to just under twice the amount. Im very confused, is it due to being a single applicant?


Comments

  • #2
    Timing belt
    Registered Users, Registered Users 2 Posts: 3,608 ✭✭✭Timing belt


    Iseedeadpixels wrote: »
    Hi guys,

    All the calculators Im using are giving me numbers a lot less than what I thought. I thought the mortgage amount was 3.5 the gross salary and 90% value of the building for first time buyer....Im getting amounts of less than half my salary to just under twice the amount. Im very confused, is it due to being a single applicant?

    Do you have maintenance costs for children?


  • #3
    Iseedeadpixels
    Registered Users, Registered Users 2 Posts: 5,081 ✭✭✭Iseedeadpixels


    Timing belt wrote: »
    Do you have maintenance costs for children?

    Yes for 1 child who will be 12 by the time I want to apply.


  • #4
    Timing belt
    Registered Users, Registered Users 2 Posts: 3,608 ✭✭✭Timing belt


    Iseedeadpixels wrote: »
    Yes for 1 child who will be 12 by the time I want to apply.

    That is the reason. It counts it like you are paying a existing mortgage. Use calculator without adding maintenance and you will see the diff


  • #5
    Iseedeadpixels
    Registered Users, Registered Users 2 Posts: 5,081 ✭✭✭Iseedeadpixels


    Timing belt wrote: »
    That is the reason. It counts it like you are paying a existing mortgage. Use calculator without adding maintenance and you will see the diff

    Yep see it there thanks.


Advertisement