Meandyou999 wrote: » According to the official Central Bank of Ireland definition, a first-time buyer (FTB) is an individual who has never before, either by themselves or with others, purchased a house, apartment, or a site to build a home, in Ireland or abroad. When it comes to applying this definition to the sale and purchase of mortgages, a FTB is, “a borrower to whom no housing loan has ever before been advanced”. My parents sold there house and bought a house and put it in my name. As im my case i have never been advanced a loan to purchase a house. When it comes to applying this definition to the sale and purchase of mortgages, a FTB is, “a borrower to whom no housing loan has ever before been advanced”. Am i still a first to buyer when appling for a mortage. 10% deposit rather than 20% deposit.
Jasna1982 wrote: » Why don’t you just call one bank at and ask? It seems no one here has been able to answer the question
Meandyou999 wrote: » Cheers. Thanks for the reply in the property section on the house insurance. Ok if i continue that here. Why do i need it when taking out the mortage if its not there to pay off the mortgage and shouldn't the cover amount cover the mortgage amount.
Meandyou999 wrote: » Me being silly asking a question on a forum where people ask questions. What was i thinking🙄
Meandyou999 wrote: » Me being silly asking a question on a forum where people ask questions. What was i thinking��
Gael23 wrote: » I’m currently paying €800 a month in rent which I can afford ok. Would the bank take rent payments as an indicator of affordability of a mortgage or am I better to move home and save that money?
dev_ire wrote: » Anyone have any knowledge of when bank of ireland announced last time the extension of the cashback offer and/or if they are likely to extend it this time? I am sale agreed but looking tight to drawdown before it runs out and bank is saying it is not extended so far.
Billythekid19 wrote: » I hounded them for a few months last year asking the same question. They usually announce and extension around a month before the next one is up. There is a lot of competition, you only have to see the amount of tv ads daily with the likes of EBS also offering 3% so expect BOI to announce an extension in early December.
Brandon75 wrote: » Hi first time buyer. Myself and parnter have been left just over 20 acres In kildare. We plan to build our house on it My parents will be giving me 30k and my partner will be getting help aswell which would give us plenty for 10% deposit. is it possible to still get a mortgage if on second or 3rd year of apprenticeship?
IvoryTower wrote: » you still have to show ability to save/pay mortgage. 6 months saving that will be enough to cover mortgage. proof of income & not on covid payment. Apprenticeship is fine as long as you can pay the mortgage between you.
klose wrote: » Is land not taken as deposit when building?
Brandon75 wrote: » That's great thanks. We will probably be paying 1200 a month back for mortgage between the two of us so will be easy to pay compared to paying rent .
Highroad12 wrote: » Hi, is anyone applying to PTSB through a broker? If so how long is it to get approval? Not sure if the broker is giving me the run around
Markitron wrote: » Apparently (according to this thread) AIB are too.
Sneak wrote: » Pretty silly question just hoping I'm not missing something. My partner and I are looking at a house for 380k. We've been approved a 300k mortgage and we've 50k savings. We've been approved the full amount on the help to buy scheme which in my head adds up to 380k. Just wondering am I missing something?
cant26 wrote: » Hi we’ve just completed the process with PTSB through a broker. From when he submitted our application to when we got underwritten AIP was four working days. PTSB seem to be one of the fastest.
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