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Mortgage

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  • 05-05-2017 1:40am
    #1
    stan_boy2
    Registered Users Posts: 11 ✭


    Hi there,

    On a joint mortgage application where one person earns a Euro salary and the other a Sterling salary. What percentage of a Sterling salary (cross border) will BOI take into account in relation to a joint application for a mortgage?

    Up to what age will BOI give a borrower to pay off mortgage? Is it 70 years of age?

    Thanks


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    #2
    Bank of Ireland: Tara
    Closed Accounts Posts: 2,346 ✭✭✭Bank of Ireland: Tara


    stan_boy2 wrote: »
    Hi there,

    On a joint mortgage application where one person earns a Euro salary and the other a Sterling salary. What percentage of a Sterling salary (cross border) will BOI take into account in relation to a joint application for a mortgage?

    Up to what age will BOI give a borrower to pay off mortgage? Is it 70 years of age?

    Thanks
    Hi stan_boy2,

    Thanks for your post.

    Generally speaking the upper limit would be up to 70 years of age; however this will depend on the individual circumstances. In relation to earnings and how they would be converted, you'd need to speak to a Mortgage Adviser. You can request a callback from our Mortgage Adviser Team here.


    Thanks
    Tara


  • Options
    #3
    mack17
    Registered Users Posts: 1 ✭mack17


    [font=arial, sans-serif]My husband works abroad and gets paid a nett salary per year plus a bonus (no taxes etc. ) [/font]
    [font=arial, sans-serif]I work and live here in Ireland  [/font]
    [font=arial, sans-serif]We have just sold our house here in Ireland and want to buy a new home for our family here in Ireland. [/font]
    [font=arial, sans-serif]How much of a deposit would we need?
    Can my husbands salary be grossed back up to what he would have to earn here in Ireland? 


    Any advice or recommendations?

    [/font]


  • Options
    #4
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    mack17 wrote: »
    [font=arial, sans-serif]My husband works abroad and gets paid a nett salary per year plus a bonus (no taxes etc. ) [/font]
    [font=arial, sans-serif]I work and live here in Ireland [/font]
    [font=arial, sans-serif]We have just sold our house here in Ireland and want to buy a new home for our family here in Ireland. [/font]
    [font=arial, sans-serif]How much of a deposit would we need?
    Can my husbands salary be grossed back up to what he would have to earn here in Ireland?


    Any advice or recommendations?

    [/font]

    Hi mack17,

    Thanks for getting on to us here through Boards.

    Generally if both parties were living and working within Ireland the deposit would be 20% of the total price of the property. But as your husband is working abroad this maybe different. I have given a link here that you can use to arrange a call back from one of our mortgage specialists so they can take all your details and then work out what the best option for you is and give you all the relevant information you will need.


    Thanks again,
    Darren.


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