Hi there
Putting house up for sale in next couple of months. Hoping to have e295k profit from house, this will be deposit towards new house.
I am working part time (permanent public service) earning approx 1650 pm including overtime.(after tax)
Husband full time (permanent public service) earning 2200pm after tax.
2kids, childcare 300pm.
Current mortgage 420pm
Car loan at present 240 pm, will be paid off by the time we apply for new mortgage
Save 400 pm into separate savings account, current savings 5k, will increase savings by 650 once car loan paid off and house is sold, so will be 1050 pm while staying with my mam.
Once house is sold we can stay in my mams while we apply for new mortgage and buy new house.
New house aims to be in 350k bracket (Dublin).
Im so nervous that we will sell house, move into my mams and then we get refused a mortgage!
Firstly, what are the banks position on part time work? A colleague told me once permanent public service it should be fine.
Also, we missed a payment with car loan CU by one day, as in didn't make it in the Friday but paid it the following Monday. I've ordered credit rating statement, it's not noted on it thank god. But would the banks get a more detailed one than mine?
We would like around 100k mortgage, on paper it's less than 3.5 x combined salaries so should b OK, in just so nervous that we'd be left in my mams forever lol
Thanks in advance
Putting house up for sale in next couple of months. Hoping to have e295k profit from house, this will be deposit towards new house.
I am working part time (permanent public service) earning approx 1650 pm including overtime.(after tax)
Husband full time (permanent public service) earning 2200pm after tax.
2kids, childcare 300pm.
Current mortgage 420pm
Car loan at present 240 pm, will be paid off by the time we apply for new mortgage
Save 400 pm into separate savings account, current savings 5k, will increase savings by 650 once car loan paid off and house is sold, so will be 1050 pm while staying with my mam.
Once house is sold we can stay in my mams while we apply for new mortgage and buy new house.
New house aims to be in 350k bracket (Dublin).
Im so nervous that we will sell house, move into my mams and then we get refused a mortgage!
Firstly, what are the banks position on part time work? A colleague told me once permanent public service it should be fine.
Also, we missed a payment with car loan CU by one day, as in didn't make it in the Friday but paid it the following Monday. I've ordered credit rating statement, it's not noted on it thank god. But would the banks get a more detailed one than mine?
We would like around 100k mortgage, on paper it's less than 3.5 x combined salaries so should b OK, in just so nervous that we'd be left in my mams forever lol
Thanks in advance