Hi I need some advice please as I'm not up to speed with how things work
Selling house for €200 and owe €125, so left with €75 after EA and solicitor fees. Up to this we had hoped to buy a house that would leave us mortgage free but we had to reduce the selling price of our house and so will be in need of mortgage.
New house (trading down) costing approx €150
My query is regarding a new mortgage, we would need approx €80k
My husband (age 55) is on disability benefit and likely to be so for the future. I(age 49) earn €36k in public service.
2 children in college with grants and no loans or outstanding bills.
Would we qualify for a mortgage of that size based on my wages and our ages?
Selling house for €200 and owe €125, so left with €75 after EA and solicitor fees. Up to this we had hoped to buy a house that would leave us mortgage free but we had to reduce the selling price of our house and so will be in need of mortgage.
New house (trading down) costing approx €150
My query is regarding a new mortgage, we would need approx €80k
My husband (age 55) is on disability benefit and likely to be so for the future. I(age 49) earn €36k in public service.
2 children in college with grants and no loans or outstanding bills.
Would we qualify for a mortgage of that size based on my wages and our ages?