my son and his wife are living and renting a house in the UK .
They want to return home in a few years .
Ideally they would like to get a mortgage now for a family home in Ireland that needs refurbishment .They would over time , maybe 3 years have the the house finished and move into it.
Would anyone be able to suggest any lending organizations who would be willing to give them a mortgage .( not a holiday home mortgage that requires 45% deposit )
They have asked AIB and Bank of Ireland . Answer .. a big fat NO ... reason ....because they are non residents .
They both have good Saving records and a substantial deposit and have good salaries .
How do they get passed this.. . .?
They want to return home in a few years .
Ideally they would like to get a mortgage now for a family home in Ireland that needs refurbishment .They would over time , maybe 3 years have the the house finished and move into it.
Would anyone be able to suggest any lending organizations who would be willing to give them a mortgage .( not a holiday home mortgage that requires 45% deposit )
They have asked AIB and Bank of Ireland . Answer .. a big fat NO ... reason ....because they are non residents .
They both have good Saving records and a substantial deposit and have good salaries .
How do they get passed this.. . .?