Hi Everyone,
Just looking for a bit of info before we get our hopes up and this seems to be the best place to ask.
My partner is going to a broker tomorrow to see if he can get a mortgage of €170K (have fallen in love with a house €185K). He is in full time perm employment for the past 7 years, no chance at all of being let go. His current gross is €35K. He is in the army so every 2/3 years he does overseas trips where he comes home with between 16K-24K for the trip, seperate to his wages. He has a loan of €5K which he has never missed a payment on. He unfortunately also has cc's with bal of about €5K also. I plan to clear the cc's though before the end of the year as Im being made redundant.
Basically I just want your opinion on whether you think he could possibly qualify for this on his own? His dad has said he will go joint with him if necessary but I think they will only give a 12 year term increasing monthly payments to a crazy amount. Do they allow garantours? (sorry for spelling) We have the deposit as it was a gift to us but he doesn't have a record of savings. He was saving in Halifax but account is closed and he has no statements... wasn't really worth talking about anyway!
Sorry this has become a complete rant but if anyone has any advice or view on this Id really appreciate your comments
Thanks a mil ...
Just looking for a bit of info before we get our hopes up and this seems to be the best place to ask.
My partner is going to a broker tomorrow to see if he can get a mortgage of €170K (have fallen in love with a house €185K). He is in full time perm employment for the past 7 years, no chance at all of being let go. His current gross is €35K. He is in the army so every 2/3 years he does overseas trips where he comes home with between 16K-24K for the trip, seperate to his wages. He has a loan of €5K which he has never missed a payment on. He unfortunately also has cc's with bal of about €5K also. I plan to clear the cc's though before the end of the year as Im being made redundant.
Basically I just want your opinion on whether you think he could possibly qualify for this on his own? His dad has said he will go joint with him if necessary but I think they will only give a 12 year term increasing monthly payments to a crazy amount. Do they allow garantours? (sorry for spelling) We have the deposit as it was a gift to us but he doesn't have a record of savings. He was saving in Halifax but account is closed and he has no statements... wasn't really worth talking about anyway!
Sorry this has become a complete rant but if anyone has any advice or view on this Id really appreciate your comments
Thanks a mil ...