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Mortgage - how much would I get?

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  • 21-10-2013 11:18pm
    #1
    [Deleted User]
    Posts: 18,749 ✭✭✭✭


    hi, so im just wondering what amount of mortgage i could get now? how is it worked out?
    i know years ago they (the banks!) just threw money at people.
    i have a house and mortgage, but am planning on selling up in the next year or two. i have a 3 bedroom house (detached) in south county dublin, so i believe that i should be able to sell it and hopefully it should sell for over my mortgage.

    anyway, i dont need a 3 bed, im a single woman and would be looking to move to a 2 bed closer to town.

    how do they work out the mortgage now? obviously i wouldnt get the same amount as they were throwing at me years ago for my last house!!
    saying that, my income has lowered obviously, i take home approx 60k a year now.


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    In the absence of any great amount of detail- and presuming you don't come to the table with debts- somewhere in the region of 250-300k sounds plausible.


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    #3
    Moonbeam
    Moderators, Education Moderators, Society & Culture Moderators Posts: 18,953 Mod ✭✭✭✭Moonbeam


    60k a year after tax and with no other debts and no dependants they would easily give you 240k. Talk to the banks and see what they say.


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    #4
    killers1
    Registered Users Posts: 1,443 ✭✭✭killers1


    Impossible to even guess without knowing what age you are...


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    #5
    [Deleted User]
    Posts: 18,749 ✭✭✭✭ [Deleted User]


    killers1 wrote: »
    Impossible to even guess without knowing what age you are...

    I'm in my late 30's! ( as far as I'm willing to go on a public forum ). I reckon I would have about 60k in cash. No debts. As i would be selling one property first, would they take into account my previous payments? as in they could see I was paying 1550 a month for few years?


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    #6
    GetWithIt
    Registered Users Posts: 2,081 ✭✭✭GetWithIt


    bubblypop wrote: »
    i take home approx 60k a year now.
    After tax or before?

    I earn in excess of 60K and was only offered 230K at the start of this year - significant savings, no debts, proven history of saving/rent. I had been offered 240K the previous year when when my salary was lower.

    I am currently renewing my application. My salary inclusive of bonus, overtime will be around 80K. I do not expect a mortgage offer in excess of my previous one.

    Mortgage rates are far higher now than they had been. Mortgage offers reflect this.


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