Re: first time buyer
Hi Berty,
My boyfriend and I got our keys last week and I have to say it was so hard to get the mortgage even with joint income much higher than average, savings same as you, no loans.
AIB refused it.
We used a broker and it meant he knew how to approach the banks, which ones to ask etc and prepared a file so it would not be refused by banks.
You shouldn't apply unless you are pretty certain you will get it as banks always ask have you been refused before for a mortgage and if you have been refused it can go against you.
Of course without using a broker it's hard to know if you would get it (btw we didn't pay the broker the bank did). Also we got a 90% loan, seems harder to get more these days. Good luck with the mortgage application.
BTW in the end the multiple of joint salary to amount of mortgage was that we got 2.5 times the joint salary, not even that much to ask for but tough to gt out of the banks.
And we both had credit ratings that were perfect!