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Remortgaging

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  • 22-02-2016 9:43pm
    #1
    fatherted1969
    Registered Users Posts: 2,246 ✭✭✭


    To me it seems the new rules governing mortgages is seriously flawed against single income families. I've decided that the house is just a bit tired looking and so headed into the bank for a top up on the mortgage. Wife isn't working and we've 4 kids. According to them your now allowed €250 per child plus €1250 for wife and €1000 for myself per month of accessible income then add my current mortgage payment and anything over that is the repayment amount I can afford.

    AIB are really putting me through the ringer here on it. The real kicker is my total debt is 5% of the value of my home. It seems a very unfair way of calculate ability to repay and is heavily weighed in favour of childless double income couples. Going on 5 months now


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    #2
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Have you tried other banks?


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    #3
    fatherted1969
    Registered Users Posts: 2,246 ✭✭✭fatherted1969


    athtrasna wrote: »
    Have you tried other banks?

    I haven't no, have been banking with AIB for years and this is my first experience of been thrown around by them


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