Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Mortgages for Trainee Solicitors

Options
  • 07-03-2021 10:14am
    #1
    DavidX90
    Registered Users Posts: 43 ✭


    Has anyone here been able to secure mortgage approval as a trainee solicitor? Are there any lenders offering professional mortgages to trainees?

    Professional mortgages are common in the UK but I cannot find any information about them in Ireland.


Comments

  • Options
    #2
    Grolschevik
    Registered Users Posts: 3,472 ✭✭✭Grolschevik


    DavidX90 wrote: »
    Has anyone here been able to secure mortgage approval as a trainee solicitor? Are there any lenders offering professional mortgages to trainees?

    Professional mortgages are common in the UK but I cannot find any information about them in Ireland.

    I think Bank of Ireland had arrangement with the Law Society, but that may be in the past. Worth checking the member services section of the LS site.


  • Options
    #3
    XxMCRxBabyxX
    Moderators, Education Moderators Posts: 7,439 Mod ✭✭✭✭XxMCRxBabyxX


    I was able to get a mortgage as a trainee in 2019 with AIB. Just needed a letter from my firm confirming salary and past experience pre-trainee level.


  • Options
    #4
    DavidX90
    Registered Users Posts: 43 ✭DavidX90


    XxMCRxBabyxX wrote: »
    I was able to get a mortgage as a trainee in 2019 with AIB. Just needed a letter from my firm confirming salary and past experience pre-trainee level.

    Thank you! Assuming that you had a fixed term employment contract for the duration of your traineeship, was this an issue at all?


  • Options
    #5
    Claw Hammer
    Registered Users Posts: 6,163 ✭✭✭Claw Hammer


    DavidX90 wrote: »
    Has anyone here been able to secure mortgage approval as a trainee solicitor? Are there any lenders offering professional mortgages to trainees?

    Professional mortgages are common in the UK but I cannot find any information about them in Ireland.

    We left the UK in 1922!


  • Options
    #6
    DavidX90
    Registered Users Posts: 43 ✭DavidX90


    Claw Hammer wrote: »
    We left the UK in 1922!

    Great input. Thanks.


  • Advertisement
  • Options
    #7
    XxMCRxBabyxX
    Moderators, Education Moderators Posts: 7,439 Mod ✭✭✭✭XxMCRxBabyxX


    DavidX90 wrote: »
    Thank you! Assuming that you had a fixed term employment contract for the duration of your traineeship, was this an issue at all?

    Surprisingly not as I did enquire directly on that point. I think trainee contracts are (or at least were at the time) seen as a solid bet that a contract will be offered afterwards. I didn't need to provide anything to prove that though.


  • Options
    #8
    DavidX90
    Registered Users Posts: 43 ✭DavidX90


    XxMCRxBabyxX wrote: »
    Surprisingly not as I did enquire directly on that point. I think trainee contracts are (or at least were at the time) seen as a solid bet that a contract will be offered afterwards. I didn't need to provide anything to prove that though.

    Brilliant. Thanks for your help!


Advertisement