Max loan amount based on income

P

Pexus1976

Registered User
Messages
189
Morning,

Which lender facilitates the max loan amount for borrowers. I've heard that you can get a lot more funds from EBS then you can from IIB based on the same income levels. Not taking into consideration rental income or loan to value.

Any suggestions?
 
Talk to a mortgage broker, get your documentation together and get mortgage approval in principle. Without knowing your exact personal circumstances the replies here will be guesswork.
 
Thanks for the replys. Sorry should have rephrased it.

We are 2 FTB's looking for 100% mortgage earning over 100K pa. Property value over 500K. Which bank will offer this?

Thanks
 
Hi Liam,

Both 31 yrs. No loans. PAYE working in Marketing Mgmt Income €65k & €75k

Thanks
 
On the info you've given you should have no problem getting a mortgage at the 500K level. Don't know about 100% though, especially given the current market conditions it probably not a good idea. Save for a year.
 
You should avoid 100% mortgages. with your combined wages you should be able to save a decent amount quickly.
 
House Price Index

Latest Report: Year-end edition (2007) of permanent tsb / ESRI House price index published

  • Prices nationally declined by 7.3% compared to growth of 11.8% in 2006.
  • Price reduction in second half stronger than that in first half.
  • Price reduction highest in Dublin (-7%) compared to Outside Dublin (- 6.4%)
  • Prices for existing houses (- 9.0%) decline more than prices for new house (- 4.1%).
 
mortgages.ie have a number of excellent calculators for all this. Also very good service if you call the free phone number. Plenty of no obligation free advice over the phone. Answered every question i had imediately
 
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