Hi All,
1st time poster.
I'll try lay out my question(s) and info about me to help you answer the question and help me!
1st a little about me
I'm 29,
1st time buyer ( living with g/f the past 4 years ) before that with parents.
I've been working since I left secondary school.
Current Salary is €32500 ( possible 0% - 20% xmas bonus ) probably 10% if i'm lucky.. hard time etc. Probably 0% in reality.
I was unemployed for 5 weeks during the last 11 years
I'm in my current job for 2 years 8 months and my old job for over 6 years.
I take homeabout €2220/month roughly. I've Heath insurance through the job and pay some BIK
Loans:
When i was younger I got a few loans for different things. I've never missed a payment ever..
My current loans payments are
1: Personal loan €480/Month ( was a 5 year loan. End this June "" Thank God "" )
2: Car loan €260/Month - Only started in march it's a 3 year loan
Other Direct Debits are
Iphone: €82/month - My phone and the g/f's
Car Insurance €70/month
I've a Credit card with about €3600 left to pay off it. Limit is €5800 but I've been working hard to clear it. I dont use it. I just pay off about €200 / month more if I can.
I've no savings but I will be saving when I finish paying my big loan in June. I know they don't offer 100% mortgages and know i will need €xx,xxx before I can apply.
----
Mortgage
----
My question is once I pay off my big loan and don't have that to pay would I be able to apply for a mortgage ?
I understand that a mortgage repayment wont be that cheap.
The places i'm looking to buy are roughly €100,000 - €120,000 max
I've never missed a payment on any of my loans and if i didn't have that bloody credit card I'd be alright lol.
The main reason for asking this is before xmas I wanted to get a Camera on Harvery Normans flexi rent thing and they said No. After a credit check.
I think the main reason for the No was I had to much money going out.
So once my big loan is paid off would that open the door for a mortgage
I understand it's not the easiest thing to answer but I hope you guys have more info then I do.
Thank you for your time.
1st time poster.
I'll try lay out my question(s) and info about me to help you answer the question and help me!
1st a little about me
I'm 29,
1st time buyer ( living with g/f the past 4 years ) before that with parents.
I've been working since I left secondary school.
Current Salary is €32500 ( possible 0% - 20% xmas bonus ) probably 10% if i'm lucky.. hard time etc. Probably 0% in reality.
I was unemployed for 5 weeks during the last 11 years
I'm in my current job for 2 years 8 months and my old job for over 6 years.
I take homeabout €2220/month roughly. I've Heath insurance through the job and pay some BIK
Loans:
When i was younger I got a few loans for different things. I've never missed a payment ever..
My current loans payments are
1: Personal loan €480/Month ( was a 5 year loan. End this June "" Thank God "" )
2: Car loan €260/Month - Only started in march it's a 3 year loan
Other Direct Debits are
Iphone: €82/month - My phone and the g/f's
Car Insurance €70/month
I've a Credit card with about €3600 left to pay off it. Limit is €5800 but I've been working hard to clear it. I dont use it. I just pay off about €200 / month more if I can.
I've no savings but I will be saving when I finish paying my big loan in June. I know they don't offer 100% mortgages and know i will need €xx,xxx before I can apply.
----
Mortgage
----
My question is once I pay off my big loan and don't have that to pay would I be able to apply for a mortgage ?
I understand that a mortgage repayment wont be that cheap.
The places i'm looking to buy are roughly €100,000 - €120,000 max
I've never missed a payment on any of my loans and if i didn't have that bloody credit card I'd be alright lol.
The main reason for asking this is before xmas I wanted to get a Camera on Harvery Normans flexi rent thing and they said No. After a credit check.
I think the main reason for the No was I had to much money going out.
So once my big loan is paid off would that open the door for a mortgage
I understand it's not the easiest thing to answer but I hope you guys have more info then I do.
Thank you for your time.