john keating
Registered User
- Messages
- 15
She wants to borrow €215k based on a
Salary of €47,500 = 4.5 times
Package of €98,500 = 2 times.
I think that the banks would be delighted to make an exemption for this.But they don't publish their guidelines, so the only way to know is to ask.
Brendan
The bonus seems to be €5,100 rather than €51,000, but in any event 4.5 times is within the "exemption corridor" of 3.5 to 5.0.
Thanks GordonYes, it does. The €970 stress-tested by 2% would still be less than your savings plus rent plus loan repayment.
It's all about getting an exemption which, notwithstanding my earlier pessimism, I'd be hopeful around.
Thanks Gordon
Would you suggest using a broker in this situation? Do you know which banks are more likely to give exemptions? She banks with Ulster has all her life. Would they be more likely to do it given her history with them.
Thanks for your advice
thanks gordon. is there any issue with the gift portion of the deposit coming directly from me? what is the best way of handling this? it will be in the regionI would actually. I think brokers add real value when there's nuance to an application.
That would create a tax problem, no?
(I'm assuming that by "partner" you mean that you're not married).
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