Hi
We have gone sale agreed in recent days on a property and have approval in principle from 4 banks. We have a 10% deposit and good affordability for repayments. After hearing the news regarding Central bank proposals, I am concerned that 10% deposit is now not enough. How does any change affect people who have already been approved? I intend to contact each of the banks who approved us individually however I was wondering if anyone had any thoughts?
Thanks
Edited to add: we are not first time buyers, have recently sold our property and have no debt.
We have gone sale agreed in recent days on a property and have approval in principle from 4 banks. We have a 10% deposit and good affordability for repayments. After hearing the news regarding Central bank proposals, I am concerned that 10% deposit is now not enough. How does any change affect people who have already been approved? I intend to contact each of the banks who approved us individually however I was wondering if anyone had any thoughts?
Thanks
Edited to add: we are not first time buyers, have recently sold our property and have no debt.