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Learned opinions on Mortgage elibility needed

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  • 21-06-2009 1:19pm
    #1
    sunnygirl
    Closed Accounts Posts: 30 ✭


    Hi folks,
    Just wondering if any of you guys could advise / estimate maximum mortgage amount which may be offered on the following scenario please?
    Earner A - Self Employed 5 years, net taxable income 30k
    Earner B - PAYE, 29k p.a.
    Savings 20k, over the last 18 months, while paying €1200 per month rent simultaneously
    5k car loan, no other debts

    any ideas would be appreciated, so I can head to the banks prepared for (possibly disappointing) news...
    many thanks

    Sunnygirl:)


Comments

  • Options
    #2
    bills
    Registered Users Posts: 952 ✭✭✭bills


    well i would advise paying off the car loan as that will lower the amount you can borrow.


  • Options
    #3
    marbar
    Registered Users Posts: 390 ✭✭marbar


    i'd say you'd get around 450


  • Options
    #4
    ntlbell
    Registered Users Posts: 16,288 ✭✭✭✭ntlbell


    virtually impossible to say

    contact your local mortgage broker bank.

    if they're doing there job properly about 115-130k


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    #5
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,953 Mod ✭✭✭✭Moonbeam


    At a guess about 180k. Find a mortgage calculator online and work it out.


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