On a 2 year fixed term EBS - 3.15%
Mortgage since 2009, no arrears. 35 year term.
Balance €167000 approx.
House value €215000 approx.
Rang BOI to see about switching to their 5 year fixed term of 3% and avail of the 2% cash back and further 1%.
Me - employed - €36,000 gross
Spouse - self-employed - new business, no profit yet.
Just called to see where we stand. My spouse earnings would not qualify us for a mortgage of €167000 from them until she is earning at least €29,000 ( on top of my wages ) per year for 2 years ( profit ).
Thought it was a bit much to be fair.
So I assume if we were applying for a mortgage first day with BOI now we would need to be earning €65,000 between us for a €167000, does this not sound very extreme?
JB
Mortgage since 2009, no arrears. 35 year term.
Balance €167000 approx.
House value €215000 approx.
Rang BOI to see about switching to their 5 year fixed term of 3% and avail of the 2% cash back and further 1%.
Me - employed - €36,000 gross
Spouse - self-employed - new business, no profit yet.
Just called to see where we stand. My spouse earnings would not qualify us for a mortgage of €167000 from them until she is earning at least €29,000 ( on top of my wages ) per year for 2 years ( profit ).
Thought it was a bit much to be fair.
So I assume if we were applying for a mortgage first day with BOI now we would need to be earning €65,000 between us for a €167000, does this not sound very extreme?
JB