LoonyLovegood wrote: » It depends on where you want to buy. I'm on substantially less money per year than you are, and I'm sale agreed on a 2 bed house with less than my maximum mortgage. You can borrow 3.5x your salary, and if it's your first time buying a house you need a 10% deposit. On those numbers, you'd be able to buy houses up to €210,000. That's a €21,000 deposit and €189,000 maximum loan.
faith76 wrote: » Thank you for your reply. My work is in D4 so I am looking for a place somewhere in the south country Dublin. In terms loan opportunities supported by the government, for example the Affordable Home Purchase:http://www.housingagency.ie/housing-information/affordable-home-purchase is it possible to apply for it? thank you very much
Markitron wrote: » I think you have to earn less than 50k to qualify for that, otherwise you should have no issues getting started with it. You should apply for the Help to Buy scheme if you haven't already.
gandalfio wrote: » This scheme could help you in your situationhttp://rebuildingirelandhomeloan.ie/
faith76 wrote: » Thank you for your reply. Unfortunately, Rebuilding Ireland Home loan is only valid for gross incomes up to a maximum of €50,000 for single applicants.
faith76 wrote: » Thank you for your reply. The Help to Buy scheme is very helpful but unfortunately it seems that it is only valid for buying or building a new house or apartment. It may not be applied for a second hand property
awec wrote: » It will look really odd, and be pretty obvious that you're withholding if you give them bank statements that show no day-to-day spending.
faith76 wrote: » Hi, I am wondering if it is possible to seek your feedback on mortgage options available for a buyer (married and has two little kids) who seeks to buy a 2-bed house/apartment for the first time. The annual gross salary is 54k, and the loan should be planned based on a signal application as wife is not working. Before the lockdown, we checked with a broker and he advised us that the maximum amount we can get from a bank is around 180k which is not enough for a 2-bed property in general. Any ideas? we are new here and any feedback from you will have a significant impact on our search. Thank you for your time.
RedXIV wrote: » I'd argue that 180K is quite possibly enough in a few areas for a 2-bed but may not be in the areas you are looking? Could you consider other areas? Have you transport in that case?
TheMilkyPirate wrote: » Any websites that show what people have built in Ireland for certain price ranges. Maybe something like a building blog? Were thinking of building but finding it hard to figure out what out money could get us.
Aron722 wrote: » True , I do use it but not as much as my other bank . Wouldn't look obvious as most people who are saving for a mortgage would cut down on alot of things . I think it would look worse if I was using the card every week as the bank want to see you save the more the better . They know people cut down for a year or two to save for a mortgage. especially if they are back living at home.
donnaille wrote: » I saw somewhere that EBS are an option for exemptions - worth checking with them.
keaves wrote: » Was told none left this year by a broker and I phoned PTSB, Ulster and BOI who all told me they don't know if they will be considering them at all in the new year
HungryRepair54 wrote: » Any sign of mortgage exemptions back on the table folks? Need one, so holding off on getting approval in principal until they're back again in some form!
Bubbaclaus wrote: » I got AIP with AIB 2 weeks ago that had a LTI exemption.
Pivot Eoin wrote: » Has anyone been able to get Approval over the line with AIB working in the following sectors: Agriculture, Fishing, Hotels/Hospitality, Leisure, Non Food Retail, Motor Retail, Transport, Aviation, Car Hire, Advertising? They block all online applications for workers in the above sectors automatically on the online portal, and tell you to phone them for consideration on a case by case basis.
Doctorsamuel wrote: » Dear all, just wondering if somebody could advise with my current situation. Me and my wife want to apply for mortgage, we are full time employed and we have around 60K of deposit already saved (between saving and current accounts). Our total income is 73K per year We only have an existing personal loan of 12K with 270 euros monthly repayment so my question is: is it better to use our savings to close the loan or keep paying every month? Do you think we will face any problem while applying for mortgage? Thanks for your help!
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