Hi all, with the ask AIB section closed I'll throw this up here instead. Has anybody gone through the process of buying a home back in Ireland?
I'm aware you need circa 30% deposit and earn XYZ but has anybody actually gone through with it?
What were the biggest issues? Do you rent it out? What are the tax implications? Was your age a factor on applying for a mortgage? Did the bank want to know if you were coming home for good or not? Did you use a broker? Did you have to go with a higher interest rate? Could you pay off mortgage early?
My wife and I have saved a decent deposit for a modest 3 bedder (outside of Dublin) and we could easily pay the mortgage from here. Our intention would be to rent it out for the next 2 years before moving home with a tidy little mortgage remaining.
Thanks all :)