My partner and I are seeking to purchase a property together. I own a property and am hoping to earn approx 100k profit on the sale of it, after the mortgage is cleared.
My partner has literally returned to work in the past week after a year out due to the birth of our child and then an illness. She is now working part-time for a new employer.
I earn 38,000 p/a and my partner is now earning 15,000 p/a.
My questions are:
Will her new income be taken into account by the bank, as she has no pay slips yet and her 2006 P60 will not show any earnings?
How much could we borrow based on our earnings?
My current mortgage is with AIB. With the sale of my property and when I pay off the mortgage, will AIB reward me for the early repayment by allowing me to borrow more than 4 times our joined salary?
In 2 years I never missed a mortgage repayment with AIB, will this increase my borrowing power with them?
Would AIB reward me for being a "loyal customer" or would I be better off shopping around?
Will having approx 100k to add to the mortgage amount increase my borrowing power?
I look forward to any information or opinions.
My partner has literally returned to work in the past week after a year out due to the birth of our child and then an illness. She is now working part-time for a new employer.
I earn 38,000 p/a and my partner is now earning 15,000 p/a.
My questions are:
Will her new income be taken into account by the bank, as she has no pay slips yet and her 2006 P60 will not show any earnings?
How much could we borrow based on our earnings?
My current mortgage is with AIB. With the sale of my property and when I pay off the mortgage, will AIB reward me for the early repayment by allowing me to borrow more than 4 times our joined salary?
In 2 years I never missed a mortgage repayment with AIB, will this increase my borrowing power with them?
Would AIB reward me for being a "loyal customer" or would I be better off shopping around?
Will having approx 100k to add to the mortgage amount increase my borrowing power?
I look forward to any information or opinions.