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Mortgages

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  • 28-08-2013 10:32pm
    #1
    Shooter_galway
    Registered Users Posts: 536 ✭✭✭


    Does anyone know if its a strict criteria to have a permanent contract to get a mortgage I know with aib it is bit what about the others?


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    #2
    L1011
    Registered Users Posts: 68,826 ✭✭✭✭L1011


    Effectively yes, everywhere.

    If you're doing contracting through a company you may be able to be classed as self-employed but if its salaried, you're not.


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    In the current climate- yes, it is one of the strict criteria they apply.


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    #4
    Dortilolma
    Registered Users Posts: 255 ✭✭Dortilolma


    We've been pretty lucky - OH is full-time with good salary but I'm self-employed with a one main contract, which I've been working on over a year, and we got a mortgage quite recently.

    What tipped the scales in our favour was the fact that the company I have the contract with have tried hiring me as PAYE a couple of times and wrote a letter to the lender to state as such - the contract is also likely to be renewed indefinitely.

    We also had a fantastic advisor - which may have helped.


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