H
HeresHoping
Guest
I often lurk on here though this is my first post so here goes.
My spouse and I have been saving for the past few years to buy a home. We would like to apply for a mortgage in the next couple of months to take advantage of the additional interest relief for FTB this year and also because it would be a good time personally for our family situation. We do not plan on moving for a long time.
We have saved 40000 and both have permanent public service jobs with a combined income of just over 100000. Our banking records for the last few years are spotless. We have no loans, zero credit card balance and no other debts.
The tricky thing is a number of years ago my spouse had a bank loan (<10000 euro) which for various reasons was paid erratically. We moved
abroad temporarily around the time and a judgement for the loan was made in the district court I think, though we only discovered this after the fact. My spouse contacted the bank in question and made repayments over the course of a year before agreeing a final sum in full and final settlement.
The full and final settlement was paid in 2006.
This is not on my spouses ICB record anymore. We are wondering do we have to mention this in mortgage applications and also how it might affect an application.
My spouse and I have been saving for the past few years to buy a home. We would like to apply for a mortgage in the next couple of months to take advantage of the additional interest relief for FTB this year and also because it would be a good time personally for our family situation. We do not plan on moving for a long time.
We have saved 40000 and both have permanent public service jobs with a combined income of just over 100000. Our banking records for the last few years are spotless. We have no loans, zero credit card balance and no other debts.
The tricky thing is a number of years ago my spouse had a bank loan (<10000 euro) which for various reasons was paid erratically. We moved
abroad temporarily around the time and a judgement for the loan was made in the district court I think, though we only discovered this after the fact. My spouse contacted the bank in question and made repayments over the course of a year before agreeing a final sum in full and final settlement.
The full and final settlement was paid in 2006.
This is not on my spouses ICB record anymore. We are wondering do we have to mention this in mortgage applications and also how it might affect an application.