It's on €50K Gross - but whether or not you agree with it, is neither here nor there (maybe a separate thread if it warrants further discussion ?). The OP looking for advice on securing a mortgage, anything else isn't adding to this thread.€50,000 is by no means a low income
I wouldn't worry about such. Ideally your numbers (budget & spending record) show that you don't rely on WFP and are able to save that and more.if you are in receipt of WFP it means (to the bank) that you are unable to sustain your family in your own right and that will seriously impede you.
It's based on net pay. Thanks to tax individualisation a single income family can earn less than €45k before going on the top tax rate (for double income that's closer to €70k). WFP is in place to remove a welfare trap as otherwise those in receipt of same would fare as well if not better on welfare.Exactly, "low income families", €50,000 is by no means a low income
Don't blame people who take advantage of the system - blame the people who designed the system!I'm shocked by this, you earn €50k per year and you're entitled to an extra hand out from the State just because you decided to have six kids!
I think this is our most likely outcomeWhy don't you just wait on a few years or stay put. The kids will be moving out one by one from any day now and the house will feel bigger as each one moves out.
No point having a house too big when they're all gone. It will be just the wife and yourself pottering around it.