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Do you have to declare loans in other countries on an Irish mortgage application?

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  • 11-11-2009 9:54pm
    #1
    audiboy
    Registered Users Posts: 38 ✭


    I moved to ireland in January and me and my fiance are planning to buy a house next year (she's Irish). I already have a mortgage on a house in England and also have a personal loan, I have no loans in ireland. I was wondering weather this will be checked when the mortgage company send off for a credit report and weather it will affect getting a mortgage approved.

    thanks
    Audiboy


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    #2
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,215 Mod ✭✭✭✭godtabh


    You may or may not know this but your not a first time buyer if you own somethign in Ireland and I think that has an impact on your appliation


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    #3
    astrofool
    Registered Users Posts: 16,631 ✭✭✭✭astrofool


    If you have bought a house anywhere previously, you are not an FTB.

    Yes it could affect your borrowing capacity, afaik, a credit check should unearth these details to the bank (although I'm not sure how much credit info IE/UK banks share).


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    #4
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,215 Mod ✭✭✭✭godtabh


    astrofool wrote: »
    If you have bought a house anywhere previously, you are not an FTB.

    Yes it could affect your borrowing capacity, afaik, a credit check should unearth these details to the bank (although I'm not sure how much credit info IE/UK banks share).

    You can get private credit checks done in the uk


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    #5
    ZYX
    Registered Users Posts: 882 ✭✭✭ZYX


    audiboy wrote: »
    I moved to ireland in January and me and my fiance are planning to buy a house next year (she's Irish). I already have a mortgage on a house in England and also have a personal loan, I have no loans in ireland. I was wondering weather this will be checked when the mortgage company send off for a credit report and weather it will affect getting a mortgage approved.

    thanks
    Audiboy

    I was in the opposite situation a number of years ago. Owned property in ireland, moved to UK and wanted to buy. UK banks were able to access all info from Irish banks. I was advised beforehand as well by a bank employee that this would happen.


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    #6
    audiboy
    Registered Users Posts: 38 ✭audiboy


    thanks for advice so what your saying is that i should declare all overseas loans and mortgages to my broker when applying.


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    #7
    audiboy
    Registered Users Posts: 38 ✭audiboy


    So what your saying is that i basically need to declare this to my broker when applying

    I always thought i would be classed as a first time buyer as i don't and never owned a property in ireland


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    #8
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    audiboy wrote: »
    So what your saying is that i basically need to declare this to my broker when applying

    Not to do so could be considered fraud.
    audiboy wrote: »
    I always thought i would be classed as a first time buyer as i don't and never owned a property in ireland

    Your fiance would be considered a first time buyer before you marry, but once married your UK house will count against both of you.


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    #9
    uberwolf
    Registered Users Posts: 7,580 ✭✭✭uberwolf


    GerardKeating wrote: »
    Your fiance would be considered a first time buyer before you marry, but once married your UK house will count against both of you.

    afaik they will not be entitled to the stamp duty relief on a joint purchase, but she will benefit from the full interest relief


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