firsthouse
Registered User
- Messages
- 25
Hi Guys,
I am new to this forum and from what i read it seems to be a goldmine of valuable financial information and thanks in advance for everyones help.
Myself and my girlfriend are looking to buy our first home and have a property in mind and it is on the market for €170000.00
We have €5300 savings and our salaries are 27000 and 25500 and both work for financial institutions in permanent contracts.
We have no outstanding loans, credit cards are cleared and clean credit checks.
I know today bankslook for 8-10% of the value of the property for deposit which leads me to my question:
Will any of the banks give mortgages to first time buyers if they were gifted the difference to make up the 8% deposit.
What would the chances be of my mortgage being approved if I was to apply.
I am keen to try get an offer in for this property before it gets sold.
Any advice would be much appreciated
Thanks
Firsthouse
I am new to this forum and from what i read it seems to be a goldmine of valuable financial information and thanks in advance for everyones help.
Myself and my girlfriend are looking to buy our first home and have a property in mind and it is on the market for €170000.00
We have €5300 savings and our salaries are 27000 and 25500 and both work for financial institutions in permanent contracts.
We have no outstanding loans, credit cards are cleared and clean credit checks.
I know today bankslook for 8-10% of the value of the property for deposit which leads me to my question:
Will any of the banks give mortgages to first time buyers if they were gifted the difference to make up the 8% deposit.
What would the chances be of my mortgage being approved if I was to apply.
I am keen to try get an offer in for this property before it gets sold.
Any advice would be much appreciated
Thanks
Firsthouse