Hi, im wondering if somebody can give me an idea or put me out of my misery!!
I applied for a mtg in Oct with AIB & BOI (PTSB, KBC & UB didnt want to know!)
Scenario:
Salary 38k + 8k gtd bonus
Savings: 35k with chance of gift of 10k if needed
Saving 400pm with CU over past 12 months
Prize bonds 25pm (total 750)
No dependants
Outgoings:
Rent 400 per month
Mtg 430pm (2 bed apt rented out @ 360pm)
Mtg o/s 129k with 37yrs remaining current value approx 60k
Credit card 500, O/d 500 (both facilities held but never near the balance)
I was told that i could apply for 140k with both AIB & BOI but both came back to me stating that it was a full decline on the basis of the negative equity on the apt & to try again in 6 mths.
Im wondering what are the chances that the banks policy would have changed & if there is any point in continuing to save everything i have to bulk up my savings aswell as regular savings as like everything else there are a million other things i could spend the money on!!
A crystal ball would be great but ill leave it in the capable hands of the forum members to give your opinion.
Thanks
I applied for a mtg in Oct with AIB & BOI (PTSB, KBC & UB didnt want to know!)
Scenario:
Salary 38k + 8k gtd bonus
Savings: 35k with chance of gift of 10k if needed
Saving 400pm with CU over past 12 months
Prize bonds 25pm (total 750)
No dependants
Outgoings:
Rent 400 per month
Mtg 430pm (2 bed apt rented out @ 360pm)
Mtg o/s 129k with 37yrs remaining current value approx 60k
Credit card 500, O/d 500 (both facilities held but never near the balance)
I was told that i could apply for 140k with both AIB & BOI but both came back to me stating that it was a full decline on the basis of the negative equity on the apt & to try again in 6 mths.
Im wondering what are the chances that the banks policy would have changed & if there is any point in continuing to save everything i have to bulk up my savings aswell as regular savings as like everything else there are a million other things i could spend the money on!!
A crystal ball would be great but ill leave it in the capable hands of the forum members to give your opinion.
Thanks