Won't be able to help you (any more than the online calculators would) personally, but to assist Sarah, MortgageMate or the other regular posters in a position to help you.....Hi
Wages of 30,000 a year, outstanding loan of 6k.
Would be looking to rent out a room.
What sort of mortgage approval would I be looking at?
Looking at the figures that seems about right.Not a lot i'm afraid, circa €150k.
Since you have a target no harm in giving some rough figures so we may be able to suggest ways of getting closer to reaching it.I have a house and a mortgage with someone at the moment, but due to circumstances out of my control,i will be having to buy them out.
So, worst case (for you buying atm) house value €430k.house value looks like in the area are going for 100-120k more then when bought 3 years ago.
So there would be 100k equity in the house. 50 of which would be mine.
House bought at 310k
i think i could get my uncle to go guarantor, it does seem to be the only option doesnt it
Am i going to be got caught on CGT and stamp duty? even though im a first time buyer and its stil my first home?Needs you leaving a total of €370k + costs on remortgaging/CGT/SD etc etc???
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no the person who you're buying the half off will be caught for CGT.
Would he consider going joint applicant with you?
Hey Momomo, sorry if I caused confusion, I just ment all other costs your liable for. So really should have detailed them as solicitor fees and such. Wasn't giving specific things you're due to pay, just meant all other costs and fees, which may have potientially included CGT, SD etc..Needs you leaving a total of €370k + costs on remortgaging/CGT/SD etc etc???