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mortgage query_what are my chances?

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  • 06-01-2011 3:44pm
    #1
    mmc2010
    Registered Users Posts: 145 ✭✭


    Hi guys, I'm new to posting here but a longterm observer. My husband and I are hoping to apply for a mortgage for our self build shortly. Does anybody know if the banks are lending again? I am currently in permanent employment earning 45k +10% bonus and have been offered a permanent position in another company earning 57.5k+ 8% bonus. I have accepted this new position.
    My husband is, on the other hand, self employed and like alot of self employed, has struggled in the last year or two.
    We both have loans, I owe 7k *2.5yrs and he owes 7k*1.5 yrs. We would hope to borrow 180k+ and have savings of about 33k.
    We are also currently paying rent of 550€ p.m.
    Can anyone advise what our chances are of getting a mortgage?


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    #2
    Rebel1977
    Registered Users Posts: 802 ✭✭✭Rebel1977


    Fact your in permenent job is a help, seeing you husband is self employed, I think they would probably look for couple of years set of accounts for his business, but from my experience each institution is different and they are lending but they have changed the goal posts in some areas lately


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