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Mortgage Max 80%

ktoal · 2005-06-10 09:22:42

Does anyone know why lenders in the Rep.Ireland will only give a mortgage max of 80% if you wish to buy a proprity in the North? I'm from the north but been living in Dublin of over 10 years. But since it is near impossible of a single person to buy proprity in the south, I thought I'll try up north. But I've been trying…

10-06-2005 9:22am

#1

ktoal

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Does anyone know why lenders in the Rep.Ireland will only give a mortgage max of 80% if you wish to buy a proprity in the North?

I'm from the north but been living in Dublin of over 10 years. But since it is near impossible of a single person to buy proprity in the south, I thought I'll try up north. But I've been trying to get a mortgage in all the major banks in the south and 80% is the best they can come up with.

Has anyone else been in this situation?

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Comments

#2 10-06-2005 10:13am

Einstein

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80% sounds like very little,
IIB homeloans give 90% on re-mortgages, but not sure about initial mortgages.
PTSB gave me 90% loan for my house 2 years ago and I'm single!

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#3 10-06-2005 10:32am

ktoal

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Did you buy your house in the North?

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#4 10-06-2005 11:01am

Merrion

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Because the usual credit risk associated with a home loan is compounded by a currency movement risk between sterling and euro so the bank wants you to share more of that risk.

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