Sharon2021
New Member
- Messages
- 2
Hi could someone please advise me on my chances of getting any kind of mortgage.
I have some blips on my credit where I missed months of payments on a student loan when I had lost my job and made the bad decision of not communicating with the bank about it at the time.
The loan went to collections and I paid it off in full last year. I have a stable and permanent public service job now and I earn €45,000 with annual increments.
I have been saving extensively in the credit union and I have come up with close to 10% of a deposit for a property in the range of €110,000-€120,000. I can save a bit more for a higher mortgage in the coming months if need be but ideally I would like to move before the property climate changes.
How do I get a mortgage? My own bank won’t give me so much as an overdraft. I can get a guarantor if needed from a parent but I don’t think they would get approved for another mortgage to be fully in their name or anything. Is the guarantor mortgage still a thing or is it a joint application?
Are there any banks out there who would accept this situation? There is no information out there about this? Any advice would be appreciated.
I have some blips on my credit where I missed months of payments on a student loan when I had lost my job and made the bad decision of not communicating with the bank about it at the time.
The loan went to collections and I paid it off in full last year. I have a stable and permanent public service job now and I earn €45,000 with annual increments.
I have been saving extensively in the credit union and I have come up with close to 10% of a deposit for a property in the range of €110,000-€120,000. I can save a bit more for a higher mortgage in the coming months if need be but ideally I would like to move before the property climate changes.
How do I get a mortgage? My own bank won’t give me so much as an overdraft. I can get a guarantor if needed from a parent but I don’t think they would get approved for another mortgage to be fully in their name or anything. Is the guarantor mortgage still a thing or is it a joint application?
Are there any banks out there who would accept this situation? There is no information out there about this? Any advice would be appreciated.