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10% Deposit on second bought house.

smokingman · 2019-09-10 21:27:50

Hi all, Some people have mentioned that there are circumstances where you might be able to pay 10% deposit instead of 20% deposit even if it's not the first house you buy. Does anyone know what these circumstances might be? Cheers

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10-09-2019 10:27pm

#1

smokingman

Registered Users Posts: 3,737 ✭✭✭

Join Date: October 2004

Posts: 3590

Hi all,

Some people have mentioned that there are circumstances where you might be able to pay 10% deposit instead of 20% deposit even if it's not the first house you buy.

Does anyone know what these circumstances might be?

Cheers

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#2 11-09-2019 10:19am
cruizer101

Registered Users Posts: 3,205 ✭✭✭

Join Date: August 2009

Posts: 3078

Banks are allowed to give a certain amount of exemptions to that condition as per the Central Bank Rules.
So you would have to talk to the banks to see what conditions they have for it.

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