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Applying for a mortgage.

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  • 17-01-2014 4:18pm
    #1
    shhling
    Registered Users Posts: 128 ✭✭


    When applying for a mortgage do you need to have 10% saved in a specific savings account or could the same amount do in your current account.


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    #2
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    doesn't matter that its in your current account just that you have it.


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    #3
    shhling
    Registered Users Posts: 128 ✭✭shhling


    Thanks for the quick answer.


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    #4
    edanto
    Registered Users Posts: 2,809 ✭✭✭edanto


    On the application form they'll ask for a list of all your savings (and debts!) with account numbers etc. Hope the house hunt goes/went well.


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    #5
    Little Bubbles
    Registered Users Posts: 268 ✭✭Little Bubbles


    I'm in same situation but I have another account with money I saved that the other half doesn't know about. Do I have to declare this account.? We have deposit already saved. Will this show up on any credit checks.


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    #6
    edanto
    Registered Users Posts: 2,809 ✭✭✭edanto


    You might want to bring that up in a more suitable forum http://www.boards.ie/vbulletin/forumdisplay.php?f=1174


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    #7
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    I think your problems run deeper than the banks finding out about this other account to be honest.


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    #8
    Little Bubbles
    Registered Users Posts: 268 ✭✭Little Bubbles


    D3PO wrote: »
    I think your problems run deeper than the banks finding out about this other account to be honest.


    Why? Its my money. Can the banks fids this account?


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    #9
    endacl
    Registered Users Posts: 22,305 ✭✭✭✭endacl


    Little Bubbles wrote: »
    Why? Its my money. Can the banks fids this account?
    It'll still be your money. Doesn't matter who knows about it. I now know you have a secret stash, and I'm not buying a house with you.

    I'd expect honesty in this situation. I'd also display it. Maybe try the forum suggested above before entering into the purchase?

    ;)


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