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Mortgage Fairy needed!

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  • 03-03-2006 10:56am
    #1
    louloo
    Closed Accounts Posts: 7 ✭



    Please please advise please, I am in mid 30's, been travelling for years but want to buy a house in Ireland now. No work record, no bank record to speak of, no P60 or any of that stuff. Partner in same boat. The only plus is that we CAN afford monthy repayments etc but just don't know where to start as we would look so scatty and/or criminal to any lending institution.

    ANY advice appreciated! thanks a million! ;)


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    #2
    bobk
    Registered Users Posts: 370 ✭✭bobk


    You will not be able to get a 100% if you don't have a work record

    Therefore you will need to be able to provide a minimum of 8-10% of the value of the property for any bank to look at you.

    If you have the deposit, then you will need to be in fulltime employment and have bank accounts.

    You could also look at the possiblity of getting a guarantor.

    PM me if you're looking for more info


    Bob


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    #3
    croiadh
    Closed Accounts Posts: 17 ✭croiadh


    I work in finance and hold 12 different lending agencies.

    Ge-money should allow you to self certify your income in most cases - whilst they offer this service they do charge a higher interest rate to cover the risk.

    It might be worth a look at there web site and see if there is a broker in your area who holds a Ge-money agency

    Of couse there are terms etc that Ge may apply


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