cant26 wrote: » Just wondering if anyone has any experience with this...I’m expecting my third child. Due in November. We will be applying for our first mortgage in September. I have absolutely no intention of telling the bank about my pregnancy as I know legally I am not obliged to. However, my obstetrician consultant fees come out of my current account. So far only one payment of €900. I’ve another payment of €1600 due in around four weeks time. And another payment after the birth. Will the bank question what these are for? It will clearly say my doctors name, can they press what the consultation is for? This literally just came to mind now and just wondering has anyone else been in a similar situation? Thanks!
bulmersgal wrote: » Yes few small conditions to send back to them before I can drawdown like my mam gave me 2k for flights and hotel we were booking back in Nov so have to get letter stating same hopefully hear back from few more banks in next week. Not sure difference in mortgage approval in principle and mortgage approval looked at letter and it's approved by head underwriter and they have looked through my bank statements, payslip etc
awec wrote: » This question comes up often on here. You only have to declare children, not pregnancies. If they ask you can say you have 2, but if you think this third child is the difference between you getting a mortgage or not then you have some figuring out to do financially. You're only fooling yourself by trying to hide it.
ladystardust wrote: » I could be wrong but I believe they cant enquire regarding a pregnancy, however, when applying you will have to state number of dependants. Obviously they do not count as yet unborn children. They may ask prior to drawdown if your personal circumstances have materially changed. If the baby has arrived then they have and you are obliged to declare.
Pivot Eoin wrote: » Do you mind me asking who with? We're looking for Approval in Principal and fine with conditions.
2Mad2BeMad wrote: » quick question folks, can you get a mortage with rebuildingireland as well as get the help to buy scheme?
CIP4 wrote: » Starting to look at houses now have AIP will probably end up waiting a few months to see what way things go with house prices. Obviously I know you need savings to cover deposit, solicitor, stamp duty, Engineer report etc. But I have started thinking I probably shouldn’t buy any house until along with the above I also have a decent rainy day fund saved to have this remaining once I have bought the house. I plan on buying a house in decent enough shape but after you move in you don’t know what will go wrong with the house or indeed life in general within the first few months. Interested to hear what other have done would you be happy enough to buy once you have the deposit saved and enough to cover the costs of buying. Then once moved in start to build back up a rainy day fund. Or would you wait until you have a decent chunk of savings in excess of the cost of buying the house. It’s hard to know.
CIP4 wrote: » Interested to hear what other have done would you be happy enough to buy once you have the deposit saved and enough to cover the costs of buying. Then once moved in start to build back up a rainy day fund. Or would you wait until you have a decent chunk of savings in excess of the cost of buying the house. It’s hard to know.
guyfawkes5 wrote: » Legal fees will be €1,500 - €2,500 depending on the solicitor. Be aware cheaper fees may mean they are treating your case as part of a backlog and that may entail delays, but this is not always the case.
Black_Knight wrote: » You'd like to think the engineers report would have found any big issues before buying. Can't say about a "spending everything" scenario. We bought back in the brief 10%+20% days, but had about 20k leftover after our deposit, but we knew there were some works we wanted to do (about 5-6k immediately). Nothing unexpected popped up, and we took our time buying some furniture and décor. But it can be surprising how little bits and bobs tot up. The buffer we had was nice I guess, but we had no loans (other than the mortgage now) or kids etc, so we were also saving quite heavily at the time. All depends on your current circumstances. In our first year, including the 5k mentioned, we spent 15k (furniture, new boiler, new rads, put in a stove, some small works, paint and necessary tools) IMO, we likely wouldn't have been comfortable spending all our money on the house. Would probably have wanted 10k at hand after all was said and done. Saves you having to spend the first year of ownership building up a reserve, then more months saving for bits you want to do to the house.
random_banter wrote: » Just off the phone to the bank. No problem getting approved, borrowing and repayment capacity proven, but as I feared, the LTV exemptions are gone as well as the LTI. All we wanted to was the LTV exemption (the other half has another mortgage and I'm FTB, so we are both seen as mover and need a 20% deposit). Frustrating as we've been saving hard and have a significant amount done, would have been ok for a 15% deposit. It feels like climbing Everest to get to 20%. Had been focused on buying our own home before the end of the year. We were planning to see how prices go in Q3+4 and be ready to bid then. There are worse things happening in the world, I know. Be a long time before the 20% can come together so will just have to get over it!
pauldoo wrote: » Would anyone know if voluntary payments into a company share scheme would count as part of the capacity to repay? Its effectively a savings scheme that could be stopped at any time We are applying with BOI and they have been a disaster, after going on months, they say there could be issues on a capacity to repay, despite looking for well under the max mortgage for our salary and having about a 35% deposit (equity on the sale of the house is covers the 20% deposit)
Kav_Piero wrote: » Would anyone be able to offer some advice please in relation to what is technically classed as "savings" by banks when applying for a mortgage? Current situation at the moment is me and my partner have a combined salary of 80k and we have circa 35k locked into a mortgage savers account this has been built up over the last couple of years by saving a combined €400 a month via direct debit (Very low amount I know). I currently have 20k+ in my current account - down to the fact I having very little outgoings - Contribute €100 a week to rent living at home, don't smoke, very rarely drink or go on a night out anymore. I know the most obvious thing to do would be to increase the direct debit monthly savings instead of hoarding money in the current account but for instance if we were to apply for a mortgage tomorrow would the current account balance be classed as savings and would a bank even consider giving us a mortgage??
Duke of Url wrote: » Did you get approval in principle yet?
trinib wrote: » Do you mind me asking which bank? Got told over the phone from our bank 3 weeks ago we could get a LTV exemption from 20% to 10%, have just been getting the paperwork ready to lodge this week. Really hope it hasnt changed!
random_banter wrote: » BOI. You? We’ve decided to go ahead and seek AIP so that we will at least be in a position to hunt properly. All our other factors are in very good shape. Best of luck and hope you get to keep your exemption
Deebles McBeebles wrote: » Anyone know when estate agents will be doing viewings on for sale properties again?
