BOI factored in something like 50% of the expected rent when I approached them directly with a similar proposition ~4-5 years ago.So a few questions, are there other lenders who would take into account rental income at all? I was under the impression that BOI were amongst the better ones in this regard, this does not appear to be the case
That was what I was anticipating myself, and it's not even expected rent, it's actual rental income, even that being taken at 50% would comfortably see us where we want to be in terms of a mortgage offer, we're at a bit of a loss really...BOI factored in something like 50% of the expected rent when I approached them directly with a similar proposition ~4-5 years ago.
Thanks very much! We both have pensions provided via work, I'm on a post-2013 civil service pension, I won't make the 40 years as I joined when I was 35, once we have bought a home my next step would be to buy years or go down the AVC route. We don't have any children but would hope to try once we've secured a suitable home.You need to add more information about your financial position eg pensions, children, plans. See the money make over guide
Why not sell both properties, buy a new one for 600k with a mortgage of 300k. Pay that down aggressively while saving for a pension?
Would you have any recommendations? I've messaged EBS and am waiting to hear back, I'd be interested to hear of any lenders that might be willing to look at individual circumstances!To be honest, I never had much luck using brokers.
Have you tried going direct?
we'd like to keep the monthly repayments for the new property at around the €3k mark.
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