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Getting a Mortgage & a Credit Scoring in Ireland

  • 18-05-2020 12:42pm
    #1
    Madu Chan
    Registered Users Posts: 3 ✭


    Hi,

    I moved to Ireland from U.K. and been living here over 4 years. I’m looking in to buying a house here in Ireland but I already have a house with a mortgage in U.K. which I took six years ago and is not paid off yet.

    I would like to know that if I apply for a mortgage in Ireland would the bank require a credit score report for me from U.K.?

    Will I be class as first time buyer in Ireland even though I have a house with a mortgage over in U.K.?

    Also, will the Irish bank require to check with my current mortgage lender over in U.K.?

    Thanks,
    Madu


Comments

  • #2
    Boards.ie: Niamh
    Boards.ie Employee Posts: 12,597 ✭✭✭✭✭Boards.ie: Niamh
    Boards.ie Community Manager


    Moved to Banking forum.

    How can I? User's guide to some features on the new site



  • #3
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    Answer to all three questions is Yes.

    If applying for a mortgage here in Ireland and you own a property in the UK you are a 2nd time buyer and can borrow 80% of the purchase price. The Lender will require a Credit Report from the UK and will also require a recent mortgage statement. They will also need t know if you rent out the property and how much rent is received and value of the property.

    Madu Chan wrote: »
    Hi,

    I moved to Ireland from U.K. and been living here over 4 years. I’m looking in to buying a house here in Ireland but I already have a house with a mortgage in U.K. which I took six years ago and is not paid off yet.

    I would like to know that if I apply for a mortgage in Ireland would the bank require a credit score report for me from U.K.?

    Will I be class as first time buyer in Ireland even though I have a house with a mortgage over in U.K.?

    Also, will the Irish bank require to check with my current mortgage lender over in U.K.?

    Thanks,
    Madu


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