What is the Minimum Amount for a Mortgage?

24601

Registered User
Messages
496
Following on from a thread mentioning credit unions providing mortgages at very high SVRs, I was pondering whether the primary market for them was subprime or whether they were catering for the lower value house loan market which appears to be not served very well by the banking sector.

I've heard many anecdotes that some banks don't consider mortgages below a certain amount, say €75,000. If so I'm sure this wouldn't be widely publicized in any case, but is this just another old wives' tale?

Does anyone have any insight into what amount each/any of the banks must have the opportunity to advance before they would be minded to consider an mortgage application?
 
Depends entirely on the bank in question. €40k is the minimum amount that Ulster Bank will advance by way of a mortgage, for example.
 
Back
Top