Income 31K!


Just another question. Should currently having a house be a major obstacle to purchasing another? I thought it might be good because you have showed that you can repay the mortgage. I may only save 1500 a month but I overpay the current mortgage by €250 a month to offset any potential unforseen problems.

I have had the same resident for the last 3 years. The house was bought cheaply & houses in the area are not going down in price due to the estate being an established area with great transport links & schools.
 
Having an existing property isn't really an obstacle but the mortgage repayment is still classed as an outgoing. However, if you are renting or intend to rend the property , most of your rental income can be offset against the mortgage repayment. Have you advised the lenders that you have approached that you are renting your existing property? Also, did you include the €250 overpayment when you advised them of your mortgage repayments?
 
im after doing the first active calculator, and put in my earnings at 30k and left car loan as nil, it is still showing €150000, should i contact them in person, or will i shop around????
 
Olly64 said:
im after doing the first active calculator, and put in my earnings at 30k and left car loan as nil, it is still showing €150000, should i contact them in person, or will i shop around????
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I found the best thing to do was to go through a mortgage brokers and let them find the best deal for you.
 
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