bush wrote: » Does anyone know if you already own a house and want to get a second house and rent out the original house does the potential rent count as income when applying for a 2nd mortgage?
OEP wrote: » Is there an advantage to not going with a broker? Can you be given better deals or something? It seems a no brainer to go with a broker otherwise as it saves you the effort of having to go through all of the different offers out there
Danger781 wrote: » I had no idea that the subsidy will affect our application until just now after reading the posts above. We met with a Broker two weeks ago and he never mentioned it. That will be so disheartening if it turns out to be the case. I'm 90% positive herself is getting the subsidy via work.
errlloyd wrote: » Definitely talk to one, but don't waste too much time on it. In my experience, the brokers only really take the low hanging fruit applications. They wanna be 90% sure they're gonna get it over the line before they invest any time.
awec wrote: » No benefit to going with a broker unless you feel you're going to be a problematic application. Look at the banks, find one that has a mortgage product that you like and apply. It is a very easy process.
mojesius wrote: » I went with a broker as we needed my annual bonus taken into account to maximise the LTI and we wanted fast approval as we had viewed a house we liked and wanted to place a bid (now sale agreed). We initially wanted to go with the bank we use for daily banking, but our broker advised us that they were being incredibly slow to process applications and get back to queries. We applied to that bank and another bank and got approval 3 weeks earlier from the other bank compared with our everyday bank. Our broker had a good account manager at the other bank, who helped speed things up. Everyday bank also refused to take my bonus into account despite me getting a steady bonus for the past 9 years. They also asked for documentation that was already provided, slowing things down further for us. We wouldn't have got the house if we applied alone and went with our everyday bank, as we had planned.
SteelyDanJalapeno wrote: » Mind me asking what bank did accept your bonus? And how many years did ye need to prove? We've gotten our for the past 3
OEP wrote: » Has anyone gottten the BOI mortgage with the 2% cashback? Are there any conditions with that? What I'm wondering is could you go with the 1 year fixed, get the 2% cashback and then switch to a lower rate mortgage after the year
Foodie2012 wrote: » Hey guys, really useful thread guiding us through the mortgage process, thanks! We currently have a mortgage application in with our broker who has assured us he can get us €7k higher than our current BOI AIP due to bonus and overtime. I only started my current job last year, so I've only received 1 years bonus from them. Would it be very unlikely that the bonus would be considered as part of the mortgage application? Considering some posters here aren't getting aknowledged for strong year-on-year bonuses, I think my one year bonus is very unlikely to bump us up the €7k?
megabomberman wrote: » The delays with AIB are now getting ridiculous. I've got AIP and genuinely think it might be quicker to start from scratch with a new bank.
random_banter wrote: » Sorry to hear this. Waiting on AIP from BOI and it's a few days overdue but nothing alarming yet. Still, I would just like an answer
errlloyd wrote: » They were about two weeks later than expected for me. (Got mine last week).
heffo500 wrote: » Has anyone tried getting a mortgage with a European bank? I see the interest rates are about 1% whereas the cheapest I see here is 3.15%
MacronvFrugals wrote: » Hi folks, So originally i thought only a Rebuilding Ireland mortgage would be suitable for me because they are willing to accept < 3 years guaranteed overtime. AIB said even though i receive 700 a month guaranteed on top of my wages but as i haven't been receiving this for 3 years they cant add any of it onto the salary figure whereas the Rebuilding Ireland loan requires 6-12 months according to the DCC when i rang them. I kind of assumed all the major banks would also want the 3 year figure but maybe thats not the case, does anyone know if other banks are less strict with this? I know nobody will add the whole lot into my salary figures but just 3-4k from it will be enough. Thanks guys
zweton wrote: » Did your broker say anything more on this?
Duke of Url wrote: » Were you doing overtime in 2018? Or only this year?
MacronvFrugals wrote: » Hi Duke, I have been doing it since January this year
Duke of Url wrote: » I know with Bank of Ireland They take Overtime into account once its stated by your employer in the Salary Cert. The only thing is that it asks for Overtime for the Current Year, Last Year and 2 Years ago.
