J
jello1000
Guest
Hi All,
I am seeking some advice regarding my mortgage application. I am planning to take out a mortgage towards the end of the year, after October '05 but should be before January '06. The value of the property is €288k, deposit of €8k already paid. I am wondering what amount of a loan would be advanced to me. Some further details follow,
Salary €45000
SSIA maxed - maturing April/May '06
No debts, credit card or otherwise.
Savings currently €40000 (excluding SSIA).
When I signed last year I got approval for €215k. I am looking to achieve a higher approval as I am reluctant to divert all savings to make up the shortfall between loan & value. Is there anything I can do to present my case for a higher loan. My target would be €260k (just below 92%).
I am also planning to avail of the 'rent a room' scheme.
Thanks in advance
Regards,
I am seeking some advice regarding my mortgage application. I am planning to take out a mortgage towards the end of the year, after October '05 but should be before January '06. The value of the property is €288k, deposit of €8k already paid. I am wondering what amount of a loan would be advanced to me. Some further details follow,
Salary €45000
SSIA maxed - maturing April/May '06
No debts, credit card or otherwise.
Savings currently €40000 (excluding SSIA).
When I signed last year I got approval for €215k. I am looking to achieve a higher approval as I am reluctant to divert all savings to make up the shortfall between loan & value. Is there anything I can do to present my case for a higher loan. My target would be €260k (just below 92%).
I am also planning to avail of the 'rent a room' scheme.
Thanks in advance
Regards,