Saving/Applying for a mortgage 2020-22 Edition

I recall it lists both - Total as well as excl VAT price.

Not really. The most important thing is that your income is enough to cover your mortgage comfortably. If they ask about the other money, just be honest with them

Currently living in an apartment but want to make a small upgrade to a cottage or bungalow. I own the apartment outright so the mortgage wouldn't be too excessive. I got a 20k loan out from the bank a few months ago that I'm currently paying off. When applying for the mortgage will the bank allow me to use the proceeds from the apartment sale to clear the loan?

Or will I have to have the loan cleared before applying for the mortgage? If that's the case I'll need to sell first and then buy.

As the previous reply said, you can have a loan out and get a mortgage. Everything boils down to how comfortable are you paying your mortgage (stress tested against future rate increases).

It sounds like your mortgage would be way, way less than others so you should be fine.

Does anyone know how the Early repayment charge with AIB works? I’m looking to trade up to a bigger house but I’ve got 8 years left on a fixed rate. If I take out a new mortgage with them do I still have to pay the ERC?

Has anyone ever got a mobile home to live in whilst building a house on a site you own and how much did it cost?

Ah okay, must watch that thanks

You can out a loan to by a site no problem. If you then apply for a morgage with a large outstanding loan they may not give it to you. Is that what your asking?

Unreg'ed as some people from work know me here.

Apologies if this has been asked before, the search function is awful these days.

I have been offered a new job with a huge pay rise. The new company doesn't have an office in Ireland though so I would be employed as a contractor for an "indefinite" period. In all other aspects it would be a normal permanent position, with the usual leave, bank holidays etc. It would be up to me to pay tax, health insurance and pension.

Would banks view this type of arrangement unfavourably as opposed to normal, permanent employment?

My research has shown me that as long as I wait around 6 months and show them the payslips then it shouldn't be a problem but it would just be nice to hear if someone here in a similar situation could confirm?

Banks are basicly offering 0% for saving accounts. I was hoping to get atleast few Euro while saving for deposit. When I want to apply for mortgage would bank have issues if my deposit would be in Prize Bonds?

i know that we’ve been humming and hawing about what to do, in terms of upsizing, extending our current home or buy a site and bide our time. This site popped up so. The sale of our house will be crucial in time to come when it comes to building if we get the site.

No. It depends on the bank. I got a mortgage from ICS in 2020 while on probation and I’ve heard BOI will do them if you get a letter from the employer saying that all is going well. The thing about 12 months is that’s when the unfair dismissals act kicks in. Even if you’re finished probation after 6 months, there’s generally no consequence to the employer of firing you for no reason until you’re there a year. The other thing to realise is that you can get the AIP now and start looking, the bank only cares about whether you’re on probation when you actually draw down which could take you many months.