The maximum mortgage within the Central Bank mortgage lending restrictions will be €189,000, i.e. 3.5 times your combined income. This puts you in the lower end of the range of the amount that you need. Your husband's age, and the number of people in your household, are likely to reduce this maximum amount a little, but I think it may be possible to get approved for close to €189k.Hi,
My husband works permanent from years, at income 27K and he is 48.
I work permanently again, after break for kids ( 2 years), earning 27K and I'm 38.
Our savings 25.000
We renting from same landlord from 9 years.
Do we have any chance to get mortgage for a house worth about 200-250.000 for 15 years?
Probably it will be difficult but maybe experts would advice?
Thank you.
Sab
CorrectMy reading of it, is that her husband has only been paying into a pension for the last 2 years
Sabina how much is your rent. How much do you save monthly. How much of a mortgage can you afford to repay. Other than the 25K you were given, do you have any savings at all of your own?
Do you need to pay for childcare if you have a 16 year old?
How much do you owe on your credit card?
What do you mean about your husband is on pension and 2 years? Do you mean that in two years time, when he is 50 he will be entitled to a pension?
Consider any of the products if you think they would be useful but do not limit yourself to the bank's advisors, they can only offer you their own products. Listen to them by all means but go to an independent broker as well to consider other options.
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