92% Mortgages?

J

JohnJay

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Anyone getting them? Are the banks giving them out?

I'm looking at buying a property @ 200k. I'd need close to 92% to finance it....
 
JohnJay said:
Anyone getting them? Are the banks giving them out?

I'm looking at buying a property @ 200k. I'd need close to 92% to finance it....
Click to expand...

Yes and yes.

To qualify you would need to be earning around €40,000 gross, not have any loans and have the 8% in savings preferably but a gift may suffice. Your current account would need to be in decent shape too i.e not overdrawn, no referral fees.

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I found it hard to get one through a broker as the banks just dont want to pay the commision to them.
EBS and AIB were both offering them a few months ago when we got ours..
Hope that helps!
 
i got a 92% morgage with ebs but the house price was low enough
 
AIB, BOI & EBS were all offering me 92% but the more you have saved the better. The more it builds your character and the happier they are to lend. Also job security I felt came into it big time.
 
you had to pay a broker ?? iv never heard of that before . were they expensive . did you apply to the bank directly ?
 
I got a 92% mortgage in May just gone from ICS- a gift letter sufficed for the deposit. Had to go through alot of red tape etc. but got there in the end. Good luck!
 
Thanks everyone,

now I just need to get out of my Fixed rate mortgage, sell my apartment and hope that I have 8% + legal fees + stamp duty left to buy a new place!
 
Going through an AIB broker, getting a 95% mortgage as an FTB with my missus. Plenty of jumping through hoops but they are doing it
 
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