Saving/Applying for a mortgage 2015/16/17/18/19

Rew · 27-04-2016 11:06am

Santy2015 wrote: »

Just got a copy of our contracts of sale from our solicitor that the developer sent her. My fiancées name isn't on them and my surname is spelt wrongly. Will this affect it or can they amend it?

Your solicitor and theirs will go back and forth with changes till there is an agreed copy that you sign. Just point out the issues to your solicitor.

Jet Black · 27-04-2016 11:23am

SB_Part2 wrote: »

It says "house is in poor condition in need of modernisation and decoration to include: rewiring, plastering and new bathroom."

The house I'm buying is described the same as this. The bank didn't refuse a mortgage but instead will issue the funds minus a holdback of €5000. This will then be returned once the house all works needed are complete.

SB_Part2 · 27-04-2016 11:32am

Jet Black wrote: »

The house I'm buying is described the same as this. The bank didn't refuse a mortgage but instead will issue the funds minus a holdback of €5000. This will then be returned once the house all works needed are complete.

Can you let me know what bank this is? That's what I had expected tbh.

How does this work btw? They withhold 5k so do you have to foot the 5k to pay for the house?

Jet Black · 27-04-2016 12:00pm

SB_Part2 wrote: »

Can you let me know what bank this is? That's what I had expected tbh.

How does this work btw? They withhold 5k so do you have to foot the 5k to pay for the house?

It's with Bank of Ireland. Yes I had to pay 5k, then once I've the house complete someone will come to inspect it and release the rest.

mirrorwall14 · 29-04-2016 7:17am

Azalea Screeching Padding wrote: »

Rights to the property is not the reason for buying alone, in any case you need to co-habit for 5 years before that becomes an issue which is the reason I pointed out we hadn't lived together. She already owns a house which makes it much more complicated and messy going for a dual mortgage where as I am a first time buyer.

Mortgage costs would be shared regardless of ownership.

I will either move into her house or I/we will buy another house to live in. We would prefer to live in a different location to where her house is though hence why I'm not just moving there. I don't like the term partner so I don't use it, I'd often associate it with people against getting married (its a generalisation I know) which I am very much not but I'd rather have a house sorted before that.

I have absolutely no interest in renting, its a massive waste of money and with house prices rising I want to get something bought before they get worse, this will just be a first house not the place I settle. The buying and not having lived together doesn't bother me in the slightest, a number of my friends have gotten married recently having never lived together until after the honeymoon and a few others bought as their first time living together also so its a normal for me for people to buy/get married after never living together before.

Anyway most of the above is irrelevant to the question I asked.

The bank will/should mind because if you plan on moving in with your girlfriend then she will accrue rights to the house (even if it is in your name) if she is paying the mortgage with you as afar as I'm aware. I'll leave it at that. Im not a legal expert and you seem annoyed with me.

On topic for me, just been approved by EBS for the amount we looked for and a deposit expemption. Delighted

Utah · 29-04-2016 8:04am

mirrorwall14 wrote: »

On topic for me, just been approved by EBS for the amount we looked for and a deposit expemption. Delighted

Our advisor mentioned we'd be eligible for an exemption for more than the 3.5 limit, we'd prefer the deposit exemption. This means you don't need the full 20% for anything after 220k, yes? Did you have to ask for that?
Congrats!

mirrorwall14 · 29-04-2016 8:07am

Utah wrote: »

Our advisor mentioned we'd be eligible for an exemption for more than the 3.5 limit, we'd prefer the deposit exemption. This means you don't need the full 20% for anything after 220k, yes? Did you have to ask for that?
Congrats!

Yeah we requested this because we don't have enough savings under the 20% beyond 220 rule. I got the impression from the mortgage guy they won't grant it if you have the full deposit saved anyways and just want to keep funds. we applied way within the Limit for our joint application but deposit doesn't match up without an expemption

Naid23 · 29-04-2016 8:57am

Started the process yesterday - meeting booked with our broker for next week. Have our deposit saved and all the paper work ready to go so fingers crossed it will all go smoothly and we can start looking.

mirrorwall14 · 29-04-2016 9:15am

Naid23 wrote: »

Started the process yesterday - meeting booked with our broker for next week. Have our deposit saved and all the paper work ready to go so fingers crossed it will all go smoothly and we can start looking.

Just a hint, we were actually able to provide everything digitally to both EBS and our broker. Google drive folder makes it very easy to keep track of things

Naid23 · 29-04-2016 9:55am

mirrorwall14 wrote: »

Just a hint, we were actually able to provide everything digitally to both EBS and our broker. Google drive folder makes it very easy to keep track of things

Never thought of that. Thats great thank you.

Rew · 29-04-2016 10:41am

Its very handy, I keep a google driver folder of everything to for mortgage and solicitor. For solicitor I kept a folder of received and sent docs. We did the digital application with AIB, their system is awful but the idea is good. Keep all the originals in a folder as the bank and solicitor may ask for some of these at a later date.

Hollister11 · 29-04-2016 10:46am

A house around the corner from me has gone sale agreed, just 2 weeks after being put on the market.

SarahMollie · 29-04-2016 10:50am

mirrorwall14 wrote: »

The bank will/should mind because if you plan on moving in with your girlfriend then she will accrue rights to the house (even if it is in your name) if she is paying the mortgage with you as afar as I'm aware. I'll leave it at that. Im not a legal expert and you seem annoyed with me.

I own my own place and my BF lives with me. We rented together for just over 1 year before I completed on where we currently live, and we've now been in that property for 6 months.

The law states that a cohabiting partner may make a claim to partial ownership of the property after 5 years (once there are no children involved. If there are, it falls to 2 years). So in my case, he has no claim against me for another 3.5 years.
Also, this is only the legal opportunity to make a claim. There is no guarantee that a claim would be successful. Also, if he tried to come after my assets, I could also come after his. I just don't see this as realistic in our relationship because even thought I technically have a property, we both probably have a similar net worth.

He pays me *rent* of €500 pm and we half the bills. this offsets about half my mortgage and management fees. This is well below the market rate so its a good deal for both of us.

For example, friends of ours just rented a rather unspectacular 2bed apartment not too far away for €1650 pm, and we're living in a 3bed duplex (circa 103sqm) with a big terrace. So buying just made sense for me (I'd the savings and permanent job) but my BF was contracting (albeit quite lucratively). He's recently started a permanent job, so our plan is to buy together again in maybe 3-5 years, but we're very comfortable where we are for now.

If we're not married in the next 3.5 years, I'll eat my hat.

I bought in the knowledge once we're married, it'll be half his anyway, but sure we'll be looking to buy again by that point.

mirrorwall14 · 29-04-2016 12:20pm

SarahMollie wrote: »

I own my own place and my BF lives with me. We rented together for just over 1 year before I completed on where we currently live, and we've now been in that property for 6 months.

The law states that a cohabiting partner may make a claim to partial ownership of the property after 5 years (once there are no children involved. If there are, it falls to 2 years). So in my case, he has no claim against me for another 3.5 years.
Also, this is only the legal opportunity to make a claim. There is no guarantee that a claim would be successful. Also, if he tried to come after my assets, I could also come after his. I just don't see this as realistic in our relationship because even thought I technically have a property, we both probably have a similar net worth.

He pays me *rent* of €500 pm and we half the bills. this offsets about half my mortgage and management fees. This is well below the market rate so its a good deal for both of us.

For example, friends of ours just rented a rather unspectacular 2bed apartment not too far away for €1650 pm, and we're living in a 3bed duplex (circa 103sqm) with a big terrace. So buying just made sense for me (I'd the savings and permanent job) but my BF was contracting (albeit quite lucratively). He's recently started a permanent job, so our plan is to buy together again in maybe 3-5 years, but we're very comfortable where we are for now.

If we're not married in the next 3.5 years, I'll eat my hat.

I bought in the knowledge once we're married, it'll be half his anyway, but sure we'll be looking to buy again by that point.

The rent bit is what I meant would be really important but the OP said share the mortgage costs. I would want legal advice on that one, if they have paid towards the cost of the mortgage for four years, can they come back for it?

SarahMollie · 29-04-2016 1:30pm

mirrorwall14 wrote: »

The rent bit is what I meant would be really important but the OP said share the mortgage costs. I would want legal advice on that one, if they have paid towards the cost of the mortgage for four years, can they come back for it?

I did get legal advice. And the above is the decision I came to and reasons why it works in my circumstance.

You can ask your partner to sign away their rights but the law in this area is recent and relatively untested. My solicitor advised to have the best chance of it being binding both parties have to have separate independent legal representation, so that the non home owner can't claim to have unaware.

I chose not to go this route because i felt it may create a weird dynamic with both of us having separate legal council and negotiating for the end of our relationship. Further, I'd be trying to prevent a problem that wouldnt arise for a further 4 years (at the time) and I just didnt feel it was the right thing to do. As I said above, I was confident that within that 4 year period, my relationship would either have gone the distance or not, and if not then I'm protected anyway.

I also think its important that my mortgage is lower than market rent, so even if my BF were trying to claim money back from me, I can then argue that he had a good deal by living with me, and that renting (which is his other alternative) would have cost him more.

29-04-2016 1:53pm

mirrorwall14 wrote: »

The bank will/should mind because if you plan on moving in with your girlfriend then she will accrue rights to the house (even if it is in your name) if she is paying the mortgage with you as afar as I'm aware. I'll leave it at that. Im not a legal expert and you seem annoyed with me.

On topic for me, just been approved by EBS for the amount we looked for and a deposit expemption. Delighted

Not annoyed at all just a lot of points you made weren't relevant to the question, I wasn't looking for advice on weather or not I should buy with a gf I was looking to know if a bank are willing to offer a single applicant mortgage to an unmarried person who has never cohabited after they find out the intention is to co-habit in the house regardless if it's a joint or sole applicant.

As I said I will gi for approval alone initially and if I can't see anything in my price range I'll go in again for a joint approval it's unlikely I'd want to fall back on the sole approval anyway but I would be interested to hear if anyone has done something like this.

mollybird · 01-05-2016 12:27pm

hey naid we are roughly in the same spot as you. just got the deposit together yesterday but will have in our ac in a few days. (got it from shares my husband sold) now we want to put a spread sheet together and be able to see what money then needs to go to x,y and z.

once we have all that done am i right in saying that we go and decide if we go with a broker or certain bank? And any idea what is the best way to choose one or if anyone would have any recommendations on one i would really appreciate it.

Naid23 · 01-05-2016 5:04pm

mollybird wrote: »

hey naid we are roughly in the same spot as you. just got the deposit together yesterday but will have in our ac in a few days. (got it from shares my husband sold) now we want to put a spread sheet together and be able to see what money then needs to go to x,y and z.

once we have all that done am i right in saying that we go and decide if we go with a broker or certain bank? And any idea what is the best way to choose one or if anyone would have any recommendations on one i would really appreciate it.

Yeah as far as i know its personal preference whether you got with a broker or go down to each individual bank. I orignally just googled brokers in dublin and couldnt find one that would meet after hours etc so when the pension guy came into my job for meetings one day i asked him and turns out they do mortgages and willing to meet anytime which is a great help as my boyfriends job is on there end of year accounts so working crazy hours and time off is limited.

We've spoken to the mortgage guy a couple of times over the phone and he seems very positive and as we found out, he got mortgages for a couple of people in my boyfriends job so they've all spoken highly of him so fingers crossed. I can pm you the company name is you wanna have a look. these guys are based in dublin. Let me know,

mollybird · 01-05-2016 6:41pm

Naid23 wrote: »

Yeah as far as i know its personal preference whether you got with a broker or go down to each individual bank. I orignally just googled brokers in dublin and couldnt find one that would meet after hours etc so when the pension guy came into my job for meetings one day i asked him and turns out they do mortgages and willing to meet anytime which is a great help as my boyfriends job is on there end of year accounts so working crazy hours and time off is limited.

We've spoken to the mortgage guy a couple of times over the phone and he seems very positive and as we found out, he got mortgages for a couple of people in my boyfriends job so they've all spoken highly of him so fingers crossed. I can pm you the company name is you wanna have a look. these guys are based in dublin. Let me know,

that would be great. my husband works mad hours too so it might help us with an out of normal hours service.

MarkAnthony · 02-05-2016 12:28am

mollybird wrote: »

that would be great. my husband works mad hours too so it might help us with an out of normal hours service.

It's worth making time for the little things like life long investments. That aside a broker should only really be used if the situation is complicated. Some banks (may only be one or two - but are they offering a better rate?) don't deal with brokers. Once you have your paperwork together it really is very simple to apply.

Like everything though if you prefer to pay someone (directly or indirectly) to provide a service it's personal preference.

Santy2015 · 03-05-2016 8:13pm

Got issued contracts by the developer last Thursday. It's giving 14 days to sign and exchange remaining deposit, my solicitor said not to worry and wait till our letter of offer is in her hands first. Annoying that he gave such short notice. Solicitor said there'll be leeway and so on. I know for a fact that once we sign and agree a closing date, that that date won't be the date

loveisdivine · 04-05-2016 11:42am

Hopefully meeting with the broker in the next few days. I know we're only at the start and there's a long way to go before we're in our own home but boy it can't come quick enough! Our current living situation isn't exactly ideal and it's starting to take its toll.

At least once we start the process we will feel like we're actually moving forward.

greenorchard · 04-05-2016 7:58pm

We met with a broker recently & applied last week. Fingers crossed we get approval, I'm just back in work recently after unpaid maternity leave so they may come back asking us to apply again when I'm back in work longer.

We're really ready to find our own home now after saving hard for a long time!

Judge Trudy · 04-05-2016 8:21pm

We're trying to save save save at the minute. My brother is selling a new build for €150,000 when it's completed later in the year and we're hoping to buy that. I'll be going on maternity leave in August and I'm doubtful about getting another contract until the middle of next year. My partner is self employed and is obviously relying on other people to pay him which can be extremely slow at times. We're hoping to have €50,000 saved by the the middle of next year and hoping to apply for a mortgage by then. All going well, I'll be back at work by then but it won't be permanent which is counting against us. We'll also have two children by the time we're applying so I'm not counting my chickens yet even though it's a relatively small mortgage we're looking for

mollybird · 05-05-2016 8:29am

Anyone know how much you should budget for a solicitor? we trying to put a budget together to see how much to ask from the bank and need to know how much they charge for buying a house and possibly throwing in a will.

hawkeye_bmr · 05-05-2016 9:09am

mollybird wrote: »

Anyone know how much you should budget for a solicitor? we trying to put a budget together to see how much to ask from the bank and need to know how much they charge for buying a house and possibly throwing in a will.

Around €1200 - €1500, thats what we are paying ours. Thankfully Ulster have an offer of paying for legal fees after the mortgage is drawn down.

Probably have to wait a few weeks for them to give that money back to us, think it states within 2 months of completed sale.

Michael D Not Higgins · 05-05-2016 9:17am

mollybird wrote: »

Anyone know how much you should budget for a solicitor? we trying to put a budget together to see how much to ask from the bank and need to know how much they charge for buying a house and possibly throwing in a will.

Keep in mind you have other expenses too like a survey. The rule of thumb is to allow 5k for all these expenses on top of your deposit.

Utah · 05-05-2016 9:57am

Do new builds require a survey?

SarahMollie · 05-05-2016 10:19am

Utah wrote: »

Do new builds require a survey?

I think a survey is only a mortgage requirement if the house is something like 40 years old (probably depends on the lender a bit too), but I would always get one regardless.

Its buyer beware out there so I'd always want to have my eyes opened to any potential properties. New builds are not immune, and actually wouldnt it be great to get any issues sorted before the builder totally fecks off. Before sale is when they're most motivated to help you.

Utah · 05-05-2016 11:28am

SarahMollie wrote: »

I think a survey is only a mortgage requirement if the house is something like 40 years old (probably depends on the lender a bit too), but I would always get one regardless.

Its buyer beware out there so I'd always want to have my eyes opened to any potential properties. New builds are not immune, and actually wouldnt it be great to get any issues sorted before the builder totally fecks off. Before sale is when they're most motivated to help you.

Thanks Sarah. I was talking with an advisor there and he said if you got an engineer to do the snag list with you, it would double up as a survey in a way and all issues could be sorted before the builders heads off!

SarahMollie · 05-05-2016 11:39am

Utah wrote: »

Thanks Sarah. I was talking with an advisor there and he said if you got an engineer to do the snag list with you, it would double up as a survey in a way and all issues could be sorted before the builders heads off!

That sounds like the best of both worlds, I would definitely do that. I know its a few hundred euro but its money well spent in the context of the biggest purchase of your life most likely!

Utah · 05-05-2016 1:29pm

SarahMollie wrote: »

That sounds like the best of both worlds, I would definitely do that. I know its a few hundred euro but its money well spent in the context of the biggest purchase of your life most likely!

Yeah exactly. Thanks!

We went to look at show houses in a new development last weekend, they have 3 bed semi-detached houses and 4 bed detached.
We had hopes the 3 beds would be decent as they are reasonably priced and as lovely as the build was, the storage space was pretty non-existent and the kitchen was tiny so we were disappointed.
We said we'd go look at the 4 bed detached even though it's a good bit out of our price range. It was unbelievable. We fell in love with it. But we couldn't afford it no matter what way we looked at it.

Then yesterday, the development sent out an email saying they were going to build 4 bed SEMI detached. They layout would be almost identical to the 4 bed we looked at only not detached. I asked how "almost identical". They said the bay window wouldn't be on the semi-d. That's it. 70k difference for a bay window. I don't understand how that makes sense but it is a very happy medium between the 3 bed and 4 bed detached. We did the maths and should be very doable!

shamrock55 · 05-05-2016 2:28pm

Instead of going to a bank and saying oh we've seen a house for 250000 can you give us a mortgage,can you go to your bank with all your details and say right based on everything we have given you what amount WILL you give us,then just look for a house based on that amount

PhoenixParker · 05-05-2016 2:29pm

Utah wrote: »

Yeah exactly. Thanks!

We went to look at show houses in a new development last weekend, they have 3 bed semi-detached houses and 4 bed detached.
We had hopes the 3 beds would be decent as they are reasonably priced and as lovely as the build was, the storage space was pretty non-existent and the kitchen was tiny so we were disappointed.
We said we'd go look at the 4 bed detached even though it's a good bit out of our price range. It was unbelievable. We fell in love with it. But we couldn't afford it no matter what way we looked at it.

Then yesterday, the development sent out an email saying they were going to build 4 bed SEMI detached. They layout would be almost identical to the 4 bed we looked at only not detached. I asked how "almost identical". They said the bay window wouldn't be on the semi-d. That's it. 70k difference for a bay window. I don't understand how that makes sense but it is a very happy medium between the 3 bed and 4 bed detached. We did the maths and should be very doable!

Sounds to me like you need to look up the planning permission and dig through it with a fine tooth comb.
There may be other house styles coming up that will suit your needs even better again.

Parchment · 05-05-2016 2:30pm

shamrock55 wrote: »

Instead of going to a bank and saying oh we've seen a house for 250000 can you give us a mortgage,can you go to your bank with all your details and say right based on everything we have given you what amount WILL you give us,then just look for a house based on that amount

Surely thats what most people do though?! You wouldn't expect to be able to get a mortgage application through in enough time to bid on a house you found!

Ask for the maximum they can offer you. Obviously you dont have to use it all!

Utah · 05-05-2016 3:02pm

PhoenixParker wrote: »

Sounds to me like you need to look up the planning permission and dig through it with a fine tooth comb.
There may be other house styles coming up that will suit your needs even better again.

Is it easy to do that? Look up planning permission?

SarahMollie · 05-05-2016 3:05pm

Utah wrote: »

Is it easy to do that? Look up planning permission?

AFAIK you can look it up on the local authority website. Might have to pay €20 or something for access, but could be money well spent.

Utah · 05-05-2016 3:09pm

SarahMollie wrote: »

AFAIK you can look it up on the local authority website. Might have to pay €20 or something for access, but could be money well spent.

I found it. There's lots of applications for the development in question. Will read them later

PhoenixParker · 05-05-2016 3:29pm

SarahMollie wrote: »

AFAIK you can look it up on the local authority website. Might have to pay €20 or something for access, but could be money well spent.

It's free on every council website I've looked at and all the planning documents are online. Some sites are easier to navigate than others. The name of the builder is usually the best way I've found to narrow down to the correct planning permission.

It's an essential step for anyone planning to buy a house anywhere. You don't want to sign contracts to discover there's a planning application in for a ten storey building right behind your sunny south facing back garden.

It's particularly important for new builds but should be done for all house purchases. For a new build look at the overall size of the development, the range of houses and house types, the analyses done on the area - flood maps, school provision, road connections, public transport needs, community needs . . . Pay attention to the conditions attached, the plans for council adoption of the scheme. Basically read it with a fine tooth comb before signing contracts. Also bear in mind that the planning may be amended at any stage or the development may remain incomplete, but in general it's your best guide.

Also look in the published planning documents for references to the area and if there is one read the Local Area Plan for the area. Make sure the overall plan for the area is consistent with what you want.

Read those thoroughly and compare them to what the council is actually granting permission for. They should match up, if they don't be wary.

For instance this is the development plan for Dublin City:
http://www.dublincity.ie/sites/default/files/content//Planning/DublinCityDevelopmentPlan/Documents/DevelopmentPlanWrittenStatementUpdate.pdf

(Ctrl F for the name of the area you're interested in)

For where I'm buying, that's supplemented by the local area plan

http://www.dublincity.ie/ashtown-pelletstown-local-area-plan

JohnoVC · 05-05-2016 10:01pm

In people's experiences If I was to submit a mortgage application tomorrow how long on average would I be looking at waiting to hear back?

Also after receiving an approval for a mortgage if I made an offer on a property how long on average would it take until I get the keys?

mirrorwall14 · 05-05-2016 10:51pm

For approval in principal? Three days from production of all documents in our case. Met with EBS on Wednesday. Supplied all documentation bar one statement on Thursday. Added remaining document on Monday. AIP Tuesday.

However we had done our research and were applying well within the central bank rules with good savings records and well organised accounts

JohnoVC · 05-05-2016 11:21pm

Can you make offers on properties with approval in principal then?

Santy2015 · 05-05-2016 11:28pm

JohnoVC wrote: »

Can you make offers on properties with approval in principal then?

Yeah that's what we did. If and hopefully your offer is accepted then you give details and go for your letter of offer

athtrasna · 06-05-2016 12:24am

JohnoVC wrote: »

In people's experiences If I was to submit a mortgage application tomorrow how long on average would I be looking at waiting to hear back?

Also after receiving an approval for a mortgage if I made an offer on a property how long on average would it take until I get the keys?

1. Depends on the back, your circumstances, who's on holiday, how long is a piece of string.

2. See 1. The answer could be two weeks to two years and counting.

Sono · 06-05-2016 12:29am

Reckon you should have approval within 2 weeks and the second part really is hard to say, if there is a chain it could take forever, if no chain then typically about 3 months.

MarkAnthony · 06-05-2016 12:32am

Mortgage application can be around 6 weeks, sometimes a little quicker sometime a little longer. It really depends on how quickly you can get them paperwork and how busy they are. Some banks can give a very quick 'approval in principle' but bear in mind this is not a firm offer.

As for getting the keys, there is no way of knowing. A minimum of three months I'd say and expect plenty of messing about. It can close sooner but it's rare that a sale will go through from start to finish without some issue or another.

mollybird · 06-05-2016 8:27am

so i finally got in touch with 3 solicitors and 2 have gotten back with me asking for the price of the house we are looking at. they give their quote from the price of the house. thought we could get an estimate from them so we would know how much extra to budget for. since we are no where near picking the house yet it's a that bit harder to put a figure in the budget coloumn for a solicitor. anyone have any rough estimates how much we should put in?

god 6 weeks seems like a long time all right to be hearing back about your approval from the bank. im going to be putting my details in also but i only work part time. OH works full time in a very good job so hope it won't be my lack of earnings that will put them off.

Utah · 06-05-2016 8:31am

mollybird wrote: »

so i finally got in touch with 3 solicitors and 2 have gotten back with me asking for the price of the house we are looking at. they give their quote from the price of the house. thought we could get an estimate from them so we would know how much extra to budget for. since we are no where near picking the house yet it's a that bit harder to put a figure in the budget coloumn for a solicitor. anyone have any rough estimates how much we should put in?

god 6 weeks seems like a long time all right to be hearing back about your approval from the bank. im going to be putting my details in also but i only work part time. OH works full time in a very good job so hope it won't be my lack of earnings that will put them off.

I don't understand what the price of the house has to do with their cost? Does more work go into more expensive houses?

matrim · 06-05-2016 8:37am

mollybird wrote: »

so i finally got in touch with 3 solicitors and 2 have gotten back with me asking for the price of the house we are looking at. they give their quote from the price of the house. thought we could get an estimate from them so we would know how much extra to budget for. since we are no where near picking the house yet it's a that bit harder to put a figure in the budget coloumn for a solicitor. anyone have any rough estimates how much we should put in?

god 6 weeks seems like a long time all right to be hearing back about your approval from the bank. im going to be putting my details in also but i only work part time. OH works full time in a very good job so hope it won't be my lack of earnings that will put them off.

Surely you have a rough budget for the house you are looking for. Just give them that.

We were quoted

our professional fee for carrying out the work involved would be €1,400.00 plus vat. In addition to our fee you will also have associated outlay with a purchase of a property which will normally include the following:-

Registration fees – registration of your ownership with the land registry €700.00

Registration of your mortgage with land registry €175.00

Searches €150.00

Stamp Duty 1% of the purchase price eg

As far as I'm aware the only cost that depends on house price was the stamp duty.

Or survey will also cost about 500

REFLINE1 · 06-05-2016 9:59am

Looks like there is some sort of " Help to Buy scheme" in the pipework with the new govt. Will be interesting to see what that entails.

Saving/Applying for a mortgage 2015/16/17/18/19

Comments