4 Times Your Salary Mortgage?

Hi all,

I have seen that it is possible to get 4 times your salary in certain circumstances instead of the normal 3.5, does anyone know how you can qualify for this?

I have also read that banks normally use up their quota for this type of mortgage early in the year, is this true? We will be going for a new mortgage in March next year.

Thanks

Yes, lenders are allowed to make exceptions to the Central Bank rules.

It might be best to go through a broker for a case like this. They can present your case and talk to the right people.

Brendan

Im not sure if they offer it at 'approval in principle' stage or only when sale agreed. Thats siginificant from timing perspective. Make sure to get clarity on that point from broker / lender.

Thanks, yeah going to speak with a broker on it. Hopefully it would be approval in principle rather than at sale agreed.

It will be at approval in principal stage.