I would be very appreciative if anyone could share some advice as regards the current situation with the scheme.I have not submitted my application yet. My max loan amount would be around 170k as per RIHL calculator.I would be a single applicant, looking at 1bed apartments in D1, D7, D8, around 170-200k.I will be rejected per the bank’s calculators.I am a first timer buyer, under the income thresholds, & meet the edibility criteria for the scheme, however I am wondering being a single applicant & the fact I am looking at 1 beds will mean I have to meet a higher threshold, e.g. a 20% deposit.
Obviously a 2 bed would be a safer bet,with safety net of renting extra room,however, prices would be in the 240-250 range,out of my budget.I’m 31,renting in Dublin for 13 years so just trying to stop throwing away dead money & 1bed starter apt with RIHL looking like my best option,close to hundreds of relevant jobs within walking distance(no car expenses,travel etc).
I also had seen 2 years in continuous employment as a requirement, I was also checking as long as I was full time employment current with 12 months of payslips/salary cert & no probation, would this suffice ?
Any advice would be greatly appreciated.