Hi
We are after receiving approval in principle letter for EBS for 189k.
We also have an application at AIB still waiting for an answer.
First time buyers and buying house of family member
house valued at 230k so EBS rolling in 150k price to give to family member plus 39k home improvements loan together. Remainder taken as a gift of 41k . We can keep our deposit towards fees, home improvements plus cash back from EBS. APR 3.7 Variable or 3.5 one year fixed .
AIB variable 3.3 percent and need to give 10percent of 39k home improvements loan
I Think EBS better option and could move in year or two for more favourable rate .
We are after receiving approval in principle letter for EBS for 189k.
We also have an application at AIB still waiting for an answer.
First time buyers and buying house of family member
house valued at 230k so EBS rolling in 150k price to give to family member plus 39k home improvements loan together. Remainder taken as a gift of 41k . We can keep our deposit towards fees, home improvements plus cash back from EBS. APR 3.7 Variable or 3.5 one year fixed .
AIB variable 3.3 percent and need to give 10percent of 39k home improvements loan
I Think EBS better option and could move in year or two for more favourable rate .