If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

FTB / Sub Prime v standard bank

grumpydwarf · 2014-06-06 11:45:16

We have pre approval with a sub prime mortgage outfit, but it will expire at the end of June and are considering trying a normal bank again. I am (36), full time permanent, 31k/pa. She is part time (34), 6 years permanent with the same company and earn 18k/pa. We have no debts, credit card is always fully paid off (small…

Options

06-06-2014 12:45pm

#1

grumpydwarf

Registered Users Posts: 27 ✭

Join Date: March 2014

Posts: 19

We have pre approval with a sub prime mortgage outfit, but it will expire at the end of June and are considering trying a normal bank again.

I am (36), full time permanent, 31k/pa. She is part time (34), 6 years permanent with the same company and earn 18k/pa. We have no debts, credit card is always fully paid off (small balance, usually no more than €100 every two or three months), and we have 26.4k saved - all recorded. We save €1,100 per month, and pay €1,050 monthly rent. No kids, and don't want any.

Our approval is for 160k, but we think we will now need 180k as property prices in Dublin have gone up while we have been waiting vendors in negative equity to get permission to sell from their own banks.

Do we try our current approver, or go to a bank?

0