Will you provide me with:
Own salary
Ages
Any kids?
Childcare costs
Any other loans
I'm in a similar situation. Looking to trade up but want to keep investment property. Below are my details. Steven or any other broker on here, do you think I'm in a good posiiton to be approved for a mortgage of 350k? (In my case, with AIB as I'm porting my tracker from my current mortgage to a new mortgage)
Age: 35.Base salary 73k. Bonus 4k. Private sector
Wife: 36 Base salary 56k. Public sector.
Two kids ( aged 1 and 3). No child care costs thanks to granny!
PPR: outstanding mortgage of 190k. On tracker of ECB + 0.6%.House worth 350k - 360k (looking to sell this house and upgrade. Would sell quickly. Looking to port this to a new mortgage)
Investment property: 2 bed apartment. mortgage outstanding 200k. Worth 160k. On a tracker mortgage. In very rental area in Dublin, rent covers mortgage each month with 100 euro to spare each month. Currently only charging 900 per month for rent, could up this to 1,100 handy enough.
Savings: 170k in cash. (Saving 2,500 euro each month)
Positive equity from sale of PPR: 170k approx
Total savings after sale: 340k approx
No car loans or credit loans
Looking to purchase a new house for 700k approx and hold onto investment property. So a new mortgage of 350k approx (made up of 190k on the portal tracker and the rest(160k) on a variable rate)
Thoughts on getting what I want from AIB? (I.e. Essentially increasing my mortgage with them from 190k currently to 350k)
Thanks
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