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Mortgage advise

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  • 23-06-2017 2:49pm
    #1
    Westwood
    Registered Users Posts: 535 ✭✭✭


    Hi All

    Just looking for advise prior to mortgage application

    Single applicant
    55k savings
    Loan 125k = x 3.5 salary
    Purchase price region 170-180k

    2300 into bank account every month.
    1000 savings
    650 rent
    400 shopping/sundries
    100 diesel
    30 phone

    Pretty much all used up, a slight surplus of 30 euro per week is it wise to keep a contingency on hand in bank account should this be increased?

    If I was stress tested and interest rates rose by 2% to say 6% would I be in good shape here? LTV (Loan to value) of about 69%.

    Anything else I should be aware of?

    Thank in advance


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