Re: House Deposit
1. I know that the Credit Union loans don't show up when the bank does its credit history check, but I also thought that no current loan you have anywhere will show up either, i.e. that the credit check will only show up loans that you've defaulted on. Is this not the case?
2. If you wanted a €20,000 deposit from the Credit Union, how much would you need to have saved in there already, or is more to do with combined salary as is the case for getting a mortgage off a bank?
3. Once you've enough saved/earning enough, is it a formality to get the deposit off the Credit Union, i.e. will their attitude be, "If the bank is willing to give them a mortgage for €200,000, then I guess its Ok for us to give them €20,000"?
4. Is there any engineer's report/life insurance/fire insurance needed when borrowing the deposit from a credit union?
5. Won't it show up on your bank account that the €20,000 deposit came from a Credit Union account, rather than your parents account, and so making your lie "I'm getting the deposit from my parents" looking fairly threadbare?
Or even more so, when money gets directed debited from your bank account into the credit union account, which could occur before the buying of the house has gone through.