Hi All,
Can I please ask if anyone has any direct experience with applying for a mortgage and getting an exemption from the Central Bank criteria?
We were hoping to avail of a negative equity tracker mover mortgage with AIB. We have approx. a 10% deposit saved (in the region of €35k). Due to increasing prices our property has now gone out of the negative equity zone and into positive equity, but not enough to cover the increased amount needed for a 20% deposit.
Do people apply directly for an exemption or how does this work? We have been approved in principal for a mortgage of €350k, we both have permanent jobs, it's just the deposit we don't have........
Can I please ask if anyone has any direct experience with applying for a mortgage and getting an exemption from the Central Bank criteria?
We were hoping to avail of a negative equity tracker mover mortgage with AIB. We have approx. a 10% deposit saved (in the region of €35k). Due to increasing prices our property has now gone out of the negative equity zone and into positive equity, but not enough to cover the increased amount needed for a 20% deposit.
Do people apply directly for an exemption or how does this work? We have been approved in principal for a mortgage of €350k, we both have permanent jobs, it's just the deposit we don't have........