Age: 35
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 61275
Annual gross income of spouse:
Type of employment: Private Sector, IT/Finance and reeasonably secure
In general are you:
(a) spending more than you earn, or
(b) saving?
I spend all disposable income on holidays, but live well within my means
Rough estimate of value of home Paid €330K for it 3.5 years ago, guess now its worth 200-215K
Amount outstanding on your mortgage: €201K
What interest rate are you paying? 1.75%(ECB +0.75 Tracker)
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
If not, what is the balance on your credit card?
N/A
Savings and investments:
Around €25K in Cash
Do you have a pension scheme?
Yes, Negligable though
Do you own any investment or other property?
No
Ages of children:
None
Hi All
(I hope the mods don't move this to the Overseas property section as i feeel the question belongs more here!)
I would like to buy an overseas property (in Thailand)
I know that with my income V expenditure i can easily afford it
Looking at the online mortgage calculators - my income could get me up to 288K mortgage
My current mortgage is 201K
I could probably go to by current mortgage provier (AIB) and get a top loan on my current mortgage - but i am guessing that they will make me give up my (fantastic) ECB +0.75% Tracker if i want to get a top up
So i gesss my question is - Is it possible given the figures above to get an unsecured 2nd mortgage for my overseas property?
If so should i approach my current bank - or would i be better off to take a different approach and approach any particular lender who might me more generous??
Or am i wasting my time completely trying to get an Irish bank to give me an unsecured loan in the current climate?
Thanks in Advance!
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 61275
Annual gross income of spouse:
Type of employment: Private Sector, IT/Finance and reeasonably secure
In general are you:
(a) spending more than you earn, or
(b) saving?
I spend all disposable income on holidays, but live well within my means
Rough estimate of value of home Paid €330K for it 3.5 years ago, guess now its worth 200-215K
Amount outstanding on your mortgage: €201K
What interest rate are you paying? 1.75%(ECB +0.75 Tracker)
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
If not, what is the balance on your credit card?
N/A
Savings and investments:
Around €25K in Cash
Do you have a pension scheme?
Yes, Negligable though
Do you own any investment or other property?
No
Ages of children:
None
Hi All
(I hope the mods don't move this to the Overseas property section as i feeel the question belongs more here!)
I would like to buy an overseas property (in Thailand)
I know that with my income V expenditure i can easily afford it
Looking at the online mortgage calculators - my income could get me up to 288K mortgage
My current mortgage is 201K
I could probably go to by current mortgage provier (AIB) and get a top loan on my current mortgage - but i am guessing that they will make me give up my (fantastic) ECB +0.75% Tracker if i want to get a top up
So i gesss my question is - Is it possible given the figures above to get an unsecured 2nd mortgage for my overseas property?
If so should i approach my current bank - or would i be better off to take a different approach and approach any particular lender who might me more generous??
Or am i wasting my time completely trying to get an Irish bank to give me an unsecured loan in the current climate?
Thanks in Advance!