Re: 3 Bed House
€1581 to be precise! (Thats putting in 25k, borrowing 295k) Before mortgage protection, buildings and contents and management fee (ok, this one is at the outset, but it still needs to be paid!!)
Its more that its affordable for a 3bed semi....We couldn't afford one (what, 400odd on the open market) so its a step on. As you can see from the clawback, getting shafted there too....but its the best we could hope for....
Thats the thing with this AH, the thresholds (in terms of salary etc..) are higher so more people can apply, but not everyone can make the repayments on a mortgage that big. I think it was that particular scheme that caused the nurses strike last year - i.e Even if they COULD earn enough for an AH and were offered it, the bank wouldn't loan them enough to actually buy...
Its all a bit warped! Delighted and all as I am to have the house now - never again!! There is sooooo much red tape!