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Low Deposit Morgages

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  • 26-03-2004 9:20am
    #1
    secret_squirrel
    Closed Accounts Posts: 3,357 ✭✭✭


    How low can the percentage of the deposit for a morgage go in ireland? Is there any limit or is it just what the lenders decided?

    I know the uk has 100% morgages for the exceedingly desperate, but can you even get a 95% morgage here?


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    #2
    mudflapgirl
    Registered Users Posts: 131 ✭✭mudflapgirl


    AFAIK most places will only offer 92% to first time buyers - 100% mortgages are generally for business and 'large investors' (read: rich people)

    I could be wrong, I've been looking into it all since We (Hubby and I) are looking to buy at the moment and most places seem to offer 92%.


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    #3
    Dr. Loon
    Registered Users Posts: 3,522 ✭✭✭Dr. Loon


    Aye... 92% it is. Although it's possible Bank Of Scotland might offer better, but I don't think so.


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    #4
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    Ulster Bank offer 100% to certain 'professionals' - doctors, solicitors etc etc.


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    #5
    Spiritus
    Closed Accounts Posts: 275 ✭✭Spiritus


    The banks real criteria is that in reselling the property if you default that they can recoup stamp duty and any downturn in the market.


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