Deadwood93
New Member
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Thank you for thatThere's only 1 option: AIB or their subsidiary EBS (and their broker channel Haven). A broker can apply to Haven, you must apply yourself to AIB.
BOI withdrew from that market in 2021.
And yes, affordability is stress tested more than normal.
Unfortunately I've asked for this in the past and they won't move on it.@Deadwood93
Could your employer pay you your sterling salary converted to euros?
A small employer might be flexible on this and maybe deduct the FX fees.
It would give you a lot more options with mortgage approval in Ireland.
I got a mortgage with BOI in July 2022 on a sterling salary. It was a joint mortgage, my husband has euro income. They only factored in 80% of my income.There's only 1 option: AIB or their subsidiary EBS (and their broker channel Haven). A broker can apply to Haven, you must apply yourself to AIB.
BOI withdrew from that market in 2021.
And yes, affordability is stress tested more than normal.
IANAL either but I imagine freedom of contract applies.doesn't that extend to getting paid in the legal tender of that jurisdiction,
Push harder if you can and see if you have colleagues in the same position who would support you. Even with a handful of euro-area employees your employer will have this same problem.Unfortunately I've asked for this in the past and they won't move on it.
Joint income would have helped you I think.I got a mortgage with BOI in July 2022 on a sterling salary. It was a joint mortgage, my husband has euro income. They only factored in 80% of my income.
Yes joint income likely helped, and we didn’t have a large mortgage.Joint income would have helped you I think.
Under the Mortgage credit directive there are restrictions in that a lender can only offer you a mortgage in a different currency to your income if they can offer you fx hedging (you don't have to use it, but they must be able to offer it). The last time I looked at it BOI weren't offering the option, but that may have changed, or they may look at it in specific cases.
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