If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Private profiles - please note that profiles marked as private will soon be public. This will facilitate moderation so mods can view users' warning histories. All of your posts across the site will appear on your profile page (including PI, RI). Groups posts will remain private except to users who have access to the same Groups as you. Thread here
Some important site news, please read here. Thanks!

Mortgage application

  • 08-01-2022 3:57pm
    Registered Users Posts: 661 ✭✭✭ sohappy

    A friend of mine works full-time as a teacher in Dublin and wants to buy a house in Galway they have the deposit and can manage the mortgage payments on the house in Galway while living in Dublin.

    the reason they want to buy in Galway is that the intend to move back there in the next couple of years and at the moment they would just spend their weekends and summer holidays there.

    The first bank they approached were not interested as the house was too far away from where they worked.

    The second bank said because it was more than an hour and a half commute they wouldn't be inclined to lend.

    Has anybody else had a similar situation or do they know if all lending institutions have this criteria?