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10-02-2019, 11:43   #7456
tigger123
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New loans and financial commitments are going to effect your ability to repay the mortgage, and therefore the bank will more than likely take these into account.

Smart thing to do is wait until you're in the place before making any changes to your finances.
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10-02-2019, 11:45   #7457
Glen_Quagmire
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Yeah I think you are all correct, I will hold off until I get the keys.

That's actually a good point about DFS, I was thinking of buying a new sofa soon because it takes a couple of months to make and I may have chosen to pay monthly instead of upfront because of their 0% finance offer. I may have to just pay upfront after all
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10-02-2019, 11:49   #7458
dudara
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Also, it’s not really wise to spend money on furniture before you have the house keys in hand. Until the sale is complete, it could still fall through, leaving you out of pocket and perhaps with a sofa but no house.
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10-02-2019, 11:54   #7459
Bigmac1euro
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Also, it’s not really wise to spend money on furniture before you have the house keys in hand. Until the sale is complete, it could still fall through, leaving you out of pocket and perhaps with a sofa but no house.
Someone I know works in DFS.
People crying down the phone this happens all the time people lose their houses etc
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10-02-2019, 13:38   #7460
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Hello, can someone recommend a broker in North Dublin by PM please.
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10-02-2019, 14:01   #7461
Samuel T. Cogley
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If you're buying anything from DFS, or indeed any large purchase, buy it on a credit card and then pay it off or use their finance - the cost of which is built into the purchase price. We've no idea what Brexit will do to UK based retailers operating in Ireland and even at the best of times there is nothing to stop a company shutting up shop and taking your hard earned cash with it.
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10-02-2019, 15:35   #7462
myshirt
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A good rule is to take the square footage of the new build, and add a zero to it to get a realistic budget for kitting out the house. Floors, furniture, etc. Of course you could do it cheaper and you could do it more expensive, but ballpark the square footage plus a zero is a reasonable estimate and budget for you to work off.

1,400sq feet = 14 grand
Etc

I stand corrected so lads! Seen a house going in Clonsilla, and albeit it is a show house, there is 70 grand on top of the selling price of the property right next door with similar site size. I'll revise my guidance to saying add a zero to the square footage and multiply by 1 and a half.

Or I'll just say nothing! 70 grand is off the wall, but definitely an indication that you'd need 30k for a house like that.

This is significant for a FTB. Hard enough to get the deposit for them, but despite that you wouldn't be long seeing another 20 grand go into the house.
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10-02-2019, 22:40   #7463
fernandohierro
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Hi,

Does anybody have a mortgage broker in Dublin that they can recommend?

Thanks
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11-02-2019, 13:46   #7464
tobsey
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Originally Posted by Glen_Quagmire View Post
Yeah I think you are all correct, I will hold off until I get the keys.

That's actually a good point about DFS, I was thinking of buying a new sofa soon because it takes a couple of months to make and I may have chosen to pay monthly instead of upfront because of their 0% finance offer. I may have to just pay upfront after all
You won't start making the repayments on a DFS sofa until after it's delivered. The agreement might appear on a credit check but you don't make payments until it arrives.
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11-02-2019, 18:11   #7465
Michellenman
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Hi,

Does anybody have a mortgage broker in Dublin that they can recommend?

Thanks
We used <SNIP> and they were excellent.

Last edited by Graham; 11-02-2019 at 18:13. Reason: recommendations by PM please
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11-02-2019, 18:34   #7466
Sunrise_Sunset
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Are property prices forecast to stabilise anytime soon? What are the predictions?
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11-02-2019, 19:23   #7467
Samuel T. Cogley
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Are property prices forecast to stabilise anytime soon? What are the predictions?

https://www.boards.ie/vbulletin/show...p?t=2057942035
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11-02-2019, 19:53   #7468
Sunrise_Sunset
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Thanks, I'll follow that thread
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12-02-2019, 12:32   #7469
GaGa21
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The end is near.....collecting keys on Friday!
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12-02-2019, 15:35   #7470
snowflake1989
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The end is near.....collecting keys on Friday!
Congrats 😊 how long was the process fom goong sale agreed to now for u?
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