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Rabodirect for Mortgage Savings

09-01-2018 01:20PM

#1

LizardKing82

Closed Accounts Posts: 50 ✭✭

Join Date: November 2009

Posts: 42

deleted

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Comments

#2 09-01-2018 01:27PM

wench

Registered Users, Registered Users 2 Posts: 1,693 ✭✭✭

Join Date: April 2009

Posts: 1685

It makes no difference, whoever you apply to will just want to see statements, the same as for any account.

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#3 09-01-2018 01:54PM

LizardKing82

Closed Accounts Posts: 50 ✭✭

Join Date: November 2009

Posts: 42

Good to know thanks!

If we were to receive a lump sum gift of 10k (bringing out deposit up to 30k) would we be in a position to apply for a mortgage as first time buyers?

Apologies is this is a stupid question!

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#4 09-01-2018 02:03PM

Wheety

Registered Users, Registered Users 2 Posts: 5,498 ✭✭✭

Join Date: May 2008

Posts: 5317

If it's a gift the person gifting the money would have to sign something to that affect, i.e. you don't have to pay it back. I think only a parent or close relation can gift that much and not be liable for CAT.

Here's the thresholds https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-thresholds-rates-and-aggregation-rules/current-cat-thresholds-post-12-october-2016.aspx

How much longer will you be saving? I used to be with Rabo but they really slashed their savings rates. You'd get better elsewhere.

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