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How much to earn for a good mortgage

  • 21-08-2021 9:51pm
    Registered Users Posts: 372 ✭✭ youandme13
    Registered User

    Good night all!

    Myself and my partner are saving for a mortgage. Just curious what people earned and saved each month towards a mortgage?

    I'm worried tbh as I'll be starting as a Clerical Officer in the HSE soon and earning 24.5k with a salary scale while my partner would be on c.36k plus bonus etc. We're also in Dublin and obviously doubt will be able to afford anywhere near here! Have children also!



  • Registered Users Posts: 96 ✭✭ IamMe33
    Registered User

    Saving 3K a month, but as a single buyer 3 bed semi-d prices in Limerick are rising faster than I can save for the balance needed on top of the max morgage for which I qualify.

  • Posts: 257 ✭✭ [Deleted User]
    Registered User

    We have 2 children and our 3rd on the way. Combined we earn €85k and we have no child care costs at the moment so I save €500pw. Have a 60k deposit and hoping to buy in North West this year.

  • Registered Users Posts: 7,408 ✭✭✭ Chinese whospers
    Registered User

    You'd qualify for a max mortgage of approx €212k. So, not fantastic in Dublin. If a first time buyer you'd need 10% deposit. So, if you have 10% deposit spared you'd be looking to buy a house in the region of €230k.

    I’m in love with him and I feel fine.

    ^^^ although, I’m okay with getting back to winning ways, Jurgen.