I run my own business and have several different clients (in public and private sector), some of whom guarantee me a regular monthly income and others which do not.
I am interested in buying a first property, not necessarily in Ireland though, and was wondering how easy it is to get a mortgage from a financial institution in Ireland when one is not a salaried employee.
I was considering working as an employee for 3-6 months, which would guarantee me an excellent (perhaps 500 euro more than what I currently earn) and regular salary in order to get a higher mortgage loan and then going back to running my business again.
However, I would lose some of my clients if I did so, but I'd also be able to keep some of them (whose work I can do at nights or weekends). Is it a definite advantage having an employee status for getting a mortgage? (Although my parents would be willing to sign a guarantee, I'd prefer to be independent on this one)
Obviously, I want to get the best deal. I'm looking to buy an apartment that is about 50-70m2, as I said not necessarily in Ireland, although I plan to get my mortgage from an Irish financial institution.
I'm kind of weighing up the pros and cons, and would like to hear from any bank/mortgage professionals out there (please feel free to pm me if you wish) what the best option would be, or indeed anyone who has found themselves in a similar situation.
Thank you for any helpful advice.
PS. I'm single and have no kids.
I am interested in buying a first property, not necessarily in Ireland though, and was wondering how easy it is to get a mortgage from a financial institution in Ireland when one is not a salaried employee.
I was considering working as an employee for 3-6 months, which would guarantee me an excellent (perhaps 500 euro more than what I currently earn) and regular salary in order to get a higher mortgage loan and then going back to running my business again.
However, I would lose some of my clients if I did so, but I'd also be able to keep some of them (whose work I can do at nights or weekends). Is it a definite advantage having an employee status for getting a mortgage? (Although my parents would be willing to sign a guarantee, I'd prefer to be independent on this one)
Obviously, I want to get the best deal. I'm looking to buy an apartment that is about 50-70m2, as I said not necessarily in Ireland, although I plan to get my mortgage from an Irish financial institution.
I'm kind of weighing up the pros and cons, and would like to hear from any bank/mortgage professionals out there (please feel free to pm me if you wish) what the best option would be, or indeed anyone who has found themselves in a similar situation.
Thank you for any helpful advice.
PS. I'm single and have no kids.