Yet another mortgage thread.

davo2001

Hi,

Quick question, in the process of saving for a mortgage, first time buyer so have the 10% needed.

We also have around €110,000 in shares given to my wife by a company she previously worked for. She no longer works for the company but we still own the shares.

Could these in anyway benefit us when we apply for a mortgage?

seamus

They will benefit you if you cash them in and use them for your deposit.

davo2001

seamus wrote: »

They will benefit you if you cash them in and use them for your deposit.

Not really interested in doing that at the moment, was thinking would it benefit us in anyway by keeping them as an asset.

seamus

The bank might score you a certain % extra for having them there, but shares are relatively risky and the bank can't be sure you won't sell them, so as collateral they're not a whole lot of use to them.

It might help in a small way, but not nearly as much as selling them.

If you're talking to a broker or a bank, mention it and see what they say.

Edit: Of course, if she's getting dividends then that counts as income, but I expect she's probably not getting very much?

davo2001

Cool thanks for the advice.