Moved from UK - how long before applying for loan?

You don't need to have a credit rating to apply for a loan in Ireland. Approval is based on ability to repay the loan. There isn't really any minimum residency period but some lenders may require the borrower to be employed for at least 6 months and to be in a permanent position, so from what you said your husband should be fine.
 
originally posted by HAPPYGIRL
would it matter if he was applying for a high amount eg 30k or would he have a better chance if he needed to borrow less?
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Me and hubby are ex-UK ourselves, found it best to apply for a little loan first (upto €5k) clear that off and then look for more next time. It helped to have a credit card from the lender also.

Such a large amount would probably only be given for a first loan application in Ireland if he/you had some kind of security or a guarantor.

If the money is for a vehicle - go thru a finance company and then the amount is secured on the vehicle, not on you personally.
 
ACA, Just one more question...... did you keep your UK account as a non-residential account? He still has statements, visa bill etc sent to his old address and forwarded to here - he thinks if he gives them new address that thye'll close his account? Is this right?!

Thanks!:eek: :)
 
HAPPYGIRL said:
ACA, Just one more question...... did you keep your UK account as a non-residential account? He still has statements, visa bill etc sent to his old address and forwarded to here - he thinks if he gives them new address that thye'll close his account? Is this right?
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I moved (back) to Ireland from UK 13 years ago and simply informed my UK bank of my ROI address and I've been happily transacting on my UK current a/c ever since.

You should, of course, notify the Revenue Commissioners of the existence of your UK a/c's but there's no reason why you can't keep them open.
 
Thanks a million for the reply Oysterman. Do you still have a UK credit card? He wants to keep his card & account open.

Thanks again........ we're pretty useless when it comes to these things... thank God for AAM!!
 
I agree with Oysterman - theres no reason to not inform the bank/building society that you've moved. As for your CC - my grandparents moved over in 1995 and they have cards from UK and Ireland. You can end up a bit screwed on the exchange rate (cos the English CC gets paid by you in sterling). Any reason why you couldn't shut down yr UK one after getting one here?

On another note that you may/may not be aware of - national insurance contributions from the UK are recognised here - so you can get reduced dental and optical check-up/treatments. Worth looking in to!

And I kept my UK drivers licence - mainly cos it doesn't expire til I'm 69 years 364 days old!!
 
Thanks so much for the replies. I think that when he gets a cc here, he'll get rid of the UK one but keep his current account open.

How do I find out more about the reduced dental treatment etc?

Many thanks as always!
 
HAPPYGIRL said:
Thanks a million for the reply Oysterman. Do you still have a UK credit card? He wants to keep his card & account open.
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Agree with ACA - get rid of it.....exchange rates on CC's are notoriously unfavourable. It's okay if you make the odd forex transaction but if you use a CC billed in one currency mainly in a different currency area you're simply handing money over to them.
 
Hi Happygirl, not sure how to tie in a web address (yet!:eek: ) But I found the info you need on this website

www.dentist.ie/resources/services/prsidentistry.jsp


you will also need your/hubbys national insurance number from the UK. Assuming that you qualify, you are entitled to free 6 month scale/polish and check-up along with reduced fees for silver fillings and xrays. Crowns, veneers, root canel treatment, braces etc. are specialised treatments and (usually) not reduced at all.

Not sure whether you still get a reduction for eye exams or towards glasses - should really go for a re-test myself:) Maybe another poster would be able to fill you (and me) in?? I'd advise checking it all out BEFORE you're screaming round the house in agony with an abcess:D
 
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