C
corklad74
Guest
Hi,
I recently got a new job down in Cork and I am in the process of organizing my move down there. The issue is my girlfriend and I want to buy a two bedroom apartment for 320000 in Cork to live in. We do not want to rent. We have a 3 bedroom semi detached in Dublin which has appreciated in value by about 150000 over the last couple of years and which we intend to rent out for about 6-9 months before selling it next year. I have now been told by my mortgage broker that the banks have a problem giving me a 90% mortgage for the apartment (288000 euro) because my new job requires an initial 6 month probation period. My salary in my new job is 80000 approx and my girlfriend is a nurse so she will have no problem getting work in Cork (she has already been offered work). Can someone please tell me I can work around this and get the mortgage I require. I heard IIB homeloans might be an option. Surely with our incomes and positive equity I shouldn't have this hassle.
I recently got a new job down in Cork and I am in the process of organizing my move down there. The issue is my girlfriend and I want to buy a two bedroom apartment for 320000 in Cork to live in. We do not want to rent. We have a 3 bedroom semi detached in Dublin which has appreciated in value by about 150000 over the last couple of years and which we intend to rent out for about 6-9 months before selling it next year. I have now been told by my mortgage broker that the banks have a problem giving me a 90% mortgage for the apartment (288000 euro) because my new job requires an initial 6 month probation period. My salary in my new job is 80000 approx and my girlfriend is a nurse so she will have no problem getting work in Cork (she has already been offered work). Can someone please tell me I can work around this and get the mortgage I require. I heard IIB homeloans might be an option. Surely with our incomes and positive equity I shouldn't have this hassle.