I have around 100k saved for deposit.
The question is how much of savings I should use towards house.
Am I better off getting as big a mortgage as possible and keeping the rest in savings..
It depends on how much the house that you want to buy is. You will need to put up 8% - 10% yourself. Lenders will give you a better rate if your LTV is lower.
The more you put up, the lower the debt that you are in, the quicker you can repay, be debt free.
I have never met somebody who regretted not having debt.
I wouldn't put it all in, keep some for emergencies.
It depends on how much the house that you want to buy is. You will need to put up 8% - 10% yourself. Lenders will give you a better rate if your LTV is lower.
The more you put up, the lower the debt that you are in, the quicker you can repay, be debt free.
I have never met somebody who regretted not having debt.
I wouldn't put it all in, keep some for emergencies.
Most banks have better interest rates if your mortgage is 60% or less than the value of the house.
This makes a huge difference over the mortgage term so I'd put €88,000 into a €220,000 property and take a €132,000 mortgage.
This leaves €12,000 remaining, of which €5,000+ will be spent on fees associated with buying. That leaves about €7,000 for buying things for the house - with any leftovers put into savings.
Then, rather than considering overpaying the mortgage, I'd concentrate on building savings back up to €15,000 first.