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Mortgage refusal. Options?

Son0vagun · 2012-08-14 08:57:03

I got refused on a mortgage of 117k from TSB. They are resubmitting my application for 100K. Which to be honest isn't gonna be enough for the house i wanted. Appartently i was 50e short in my deposable income! Is there any point on me going to another mortgage lender? How much do they vary in what they offer? What are my…

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#32 23-02-2013 6:57am
StillWaters

Closed Accounts Posts: 1,799 ✭✭✭

Join Date: February 2010

Posts: 1789

smccarrick wrote: »

Putting a rough 3,600 per annum aside for insurance, ongoing repairs etc- thats only 300 a month- means you're at 850 a month- and then we have the upcoming property tax, and the 2017 habitation (residential) tax. Suddenly your headline 550 mortgage payment doesn't look nearly as rosy as the 800 a month rent.......?

Hang on, the 2017 tax is just a proposal floated about, and would not be in addition to the property tax. Renters would be liable also.

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