Loans are factored in. When I had my interview, they were very thorough. Since I had it, and got approved for the list, I've had a significant pay rise (though still under the threshold), I'm hoping they'll take it into account when I get to the final interview stage.
I dont know about loans to be honest...I was lucky enough not to have a loan going in...The figures that they gave with the brouchure were alot more than what I'll be paying back.
ChanYour repayments can be no more than 35% of your net monthly wage.The woman that rang me said she thought from what she worked out on the day that I'd be fine but she said her 'superiors' are being really really strict about the repayments being no more than 35%.So in order to bring my repayments down I have to give more of a deposit.
this is all too stressful.
Hi Guys, I have question for you all, I was recently approved for a mortgage of approx 130K with Fingal. Would Fingal offer me a home/appartment, with a value around 200k, through shared ownership ?
no not yet, i called tax office about getting my p21 last friday they said it takes 5 to ten days. Also called the social about filling out the hpl2 form and they told me that they don't do that but they'll send me out a statement for last year. hopefully that will do. drove up today to have a look at the house again. got into one of the backgardens again to have another look at the sitting room, figured out where i'm going to put everything so i don't feel too bad now about the size of it. love the fact that it looks out onto the garden... real plus with kids. Have you all your forms sorted? you still undecided?
Chan
Do you mind me asking are you getting finance from Fingal or are you going through one of the banks? I'm assuming that as I've approval from EBS then thats it, I can go ahead with the purchase of the apartment.
I meant would the 35% have to be a combined figure of say your mortgage PLUS any loan or just the mortgage alone !
I'll give them a buzz I think - easiest thing to do !!!!
Chan - did you say the actual repayment figures are less than illustrated in the brochure - coz some of them are as high as €927 a month if you put down the minimum deposit - sorry I'll have your head wrecked !
Hiya,
My repayments are lower cause I'm putting down a big enough deposit...I wouldn't rely on just being able to put down the minimum deposit either...Anyone that I know that has gone for this has ended up putting down at least 20k deposit...And dont worry your not wrecking my head...Ask away...
Still undecided!! Really loved the garden.. thats what i was gonna ask you.. Do you think they'll let us view again before we make final decision?? The bedrooms aswell were a big plus.. i have a builder in the family and he said he would take a look and see if there was anything that could be done to the place...
you could get rid of the down stairs bathroom, thats whats eating into the sitting room or you could extend outwards although that would cost a bit.
you could get rid of the down stairs bathroom, thats whats eating into the sitting room or you could extend outwards although that would cost a bit.
Hi,
I'm interested to know how anyone is getting on with the affordable housing initative for Erris Square. I have a provisional booking for an apt, and now have to get a deposit in. Has anyone signed contracts at this point - I know there are issues with clawback etc. It's just that I've been thinking long and hard about the offer and still not 100% but now it's crunch time and I have to put my money down.
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