Hi everyone, just wondering can anyone give some advice on our situation.
We have 2 kids and my partner is staying at home minding them. My salary is 44k (including overtime and bonuses). We had a meeting with our bank (aib) and they said that we fall short of the net disposable income for a family of 4. Their affordability rate is €250 per dependent. Does anyone know what other banks stance is on this, are any lower?
They said they only take into account 50% of overtime (even tho I get a guaranteed 10 hours every week and most weeks more). So the adivice they had when leaving was to basically increase my income or for my partner to get a job. A part time job at 18k a year. Obviously then childcare costs would work against us.
Is there any bank that will give us a mortgage and should we consider a broker? Thanks in advance for any advice!
We have 2 kids and my partner is staying at home minding them. My salary is 44k (including overtime and bonuses). We had a meeting with our bank (aib) and they said that we fall short of the net disposable income for a family of 4. Their affordability rate is €250 per dependent. Does anyone know what other banks stance is on this, are any lower?
They said they only take into account 50% of overtime (even tho I get a guaranteed 10 hours every week and most weeks more). So the adivice they had when leaving was to basically increase my income or for my partner to get a job. A part time job at 18k a year. Obviously then childcare costs would work against us.
Is there any bank that will give us a mortgage and should we consider a broker? Thanks in advance for any advice!