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Getting a mortgage for €150,000

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  • 19-04-2012 9:58pm
    #1
    Fat Cant
    Registered Users Posts: 107 ✭✭


    Howdy all
    My girlfriend and I was thinking of getting married next year . We talked about building a house on my own farm.
    I was thinking would it be possible to get a morgage between us both . Her salary is €30000 take home, she's in a perment job . Me on the other hand make €15000 off the farm . We have savings of €50000
    Would it be possible to get a morgage with these incomes and if we did how much would we have to pay for €150000 over the shortest possible morgage time ?
    Would we get interest relief ?


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    #2
    Dannyboy1987
    Closed Accounts Posts: 202 ✭✭Dannyboy1987


    Contact the bank you have a good bit saved up so can't see why not


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    #3
    questionmark?
    Registered Users Posts: 3,074 ✭✭✭questionmark?


    With savings of 50k and looking for mortgage of 150k you can certainly get a mortgage based on your earnings. The magic mark is 75% Loan to Value which you are well below. Talk to mortgage providers you should get a good 2 /5 year fixed term on those financial conditions.


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