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Mortgage if I earn and live overseas

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  • 03-04-2012 9:22pm
    #1
    aridion
    Registered Users Posts: 142 ✭✭


    Can I get a mortgage to buy an apartment in Dublin (for renting out) if I work in the Middle East?


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    #2
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    aridion wrote: »
    Can I get a mortgage to buy an apartment in Dublin (for renting out) if I work in the Middle East?

    It is possible under very stringent criteria... You will be looking at a loan to value of no more than 50%...


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    #3
    aridion
    Registered Users Posts: 142 ✭✭aridion


    Wow. 50 per cent isn't a very good amount. What if I had an account in ireland that was being paid into regularly for the last 5 years and I will still be paying into regularly.


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    #4
    red_owl99
    Registered Users Posts: 18 ✭red_owl99


    Hi,
    Did you manage to look into this any further?

    I'm in the same position... I want to buy for when I move home. Earning good wage overseas, don't want to have to work for 6/12 months before getting approved for mortgage when I go back home...

    Thanks


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    #5
    HowFinancial
    Registered Users Posts: 71 ✭✭HowFinancial


    There are loads of apartments in Dublin, and the property market hasn't settled down yet. What is the rush to buy?


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