do you think i'll get a mortgage

I

ilovepink

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im hoping to get a mortgage and wondering if my chances are good or bad.

i have 23k in savings
permanent in my job and have been for 4 years
no debts
no bad credit ratings.
sole applicant
earning 34k

house price is 238.500. would appreciate any info of my chances are with the banks and whos lending.
thanks in advance
 
Last edited:
Re: do you think ill get a mortgage

Questionable said:
Income?
Click to expand...

They said 34k

Looking to borrow 215k on an income of 34k - that is 6 times gross income.
With a deposit of under 10% (using all your savings) .
I wouldbe very doubtful of anyone giving you a mortgage on a property at that price as a sole applicant.
 
Stick your details into the online calculator and it will give you an idea of what you can borrow:

[broken link removed]

I stuck in some details .... I assumed you were a first time buyer earning €34k per annum and the calculator told me you could borrow a maximum of €170k.

I'd also advise calling into your local bank, speak to the Mortgage Advisor and they'll tell you what you'll get/can afford.
 
thank you so much for yur reply. ya im a first time buyer. ill check the calculator out.
 
Banks are very reluctant to give mortgages for more then 92% of the value of the house these days. Hence you would be putting your savings in as deposit and would have little else to funds your buying costs and then furnishing etc.

You should either look to save more or else try and negotiate the price downwards
 
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