Anyone volunteer to do a Key Post on buying a home in Ireland while working abroad?

[Brendan Burgess]

There have been some posts recently asking this general question. They are usually about the difficulty of getting a mortgage in Ireland.

It would be very useful to have a systematic key post on the topic, a bit like Liam Ferguson's excellent post:

Tips for when you're about to apply for a mortgage


It would cover the following:

1) Is it a good idea?
2) Is it possible at all?
3) What if house prices rise before we come back and we are priced out of the market?
4) How do I prepare to apply when I come back?
5) Should I keep my overseas property?
6) Which lenders might lend to me?
7) Could I buy the home as an investment and then use it as my home when I come back?

 

[ronaldo]

I couldn't volunteer as I've not been through the process but it's something I'd be interested in knowing. My circumstances would be slightly different in that I'd be continuing to work in Northern Ireland and moving back to the Republic. I've been reading conflicting information on whether it's possible to get a euro mortgage with sterling earnings in recent times. I also imagine that banks may be reluctant to lend until the whole Brexit outcome becomes more clear.