Was hoping to maybe get a bit of advice here or others experiences, on mortgage applications..?
So we’ve been preparing ourselves with a view to buying in the next few months. We had been aiming off for March/April of next year, after we cleaned up our accounts, clear an overdraft of e1000 that we each would have etc..only a house that we love and had been watching on Daft.ie dropped it’s price significantly last week setting me into a panicky spin as that house is now well within our budget on an affordability factor but also we have saved well over the deposit amount as well. So, even though we have deposit saved, and more, our rent and bills are paid on time, we have no credit cards or loans (they were all cleared early) we still have overdrafts, that we’d never clear say in the next few weeks but we have decided we’re going to chance it and take the plunge now. Just to mention we also fit the lending criteria and are looking for well below our income limits of e160k. We have an appointment booked with a broker for this Thursday and a viewing for that house booked for Friday (after speaking with the auctioneer we have found out why the house has dropped in price)
Are we mad..?? In your experience will the banks laugh at us with a current account, that could do with a spring cleaning?! I know the broker will prob best advise us, but I would like to hear of others experiences too