Hi All,
Just wondering if anyone over the last while has had a mortgage approved with the deposit gifted by a family member.
Ideally we would looking to save the money ourselves but there will be another 12-18 months before we will have saved a deposit, we spent the last 2 years clearing all debt & also paid for our own wedding. I have had an offer of deposit from a family member that I wont need to pay back, I spoke to AIB who said that it doesn't matter if deposit was gifted as long as we have the repayment capacity which we can demonstrate due to the money we been putting into paying off debt & rent.
Its just a general query really, is there any point in trying to get on the property ladder now or would it better to save it ourselves???
Just wondering if anyone over the last while has had a mortgage approved with the deposit gifted by a family member.
Ideally we would looking to save the money ourselves but there will be another 12-18 months before we will have saved a deposit, we spent the last 2 years clearing all debt & also paid for our own wedding. I have had an offer of deposit from a family member that I wont need to pay back, I spoke to AIB who said that it doesn't matter if deposit was gifted as long as we have the repayment capacity which we can demonstrate due to the money we been putting into paying off debt & rent.
Its just a general query really, is there any point in trying to get on the property ladder now or would it better to save it ourselves???