Hi,
I'm in the lucky position at the moment to be living rent free with my partner which is allowing me to save a decent amount of money each month towards a deposit on a property of my own. I'm hoping to be in a position to start shopping around for houses early 2017.
My partner has his own property and I would like one of my own, purely funded by myself and in my name. Price bracket for the property will be around 250k and as a first time buyer I'm hoping to avail of the 10% deposit rule for the first €220k.
Depending upon what house I end up buying next year, we may or may not choose to live in the property I buy. Instead we may decide to stay put in the house we are currently living in as we don't have any rent or mortgage repayments on it.
We are both very DIY handy and I'm preferably looking to buy a "fixer upper". Would there be any issues with me applying for a mortgage as a first time buyer with the intent to live in the property and after some time renting it out?
Any advice appreciated.
I'm in the lucky position at the moment to be living rent free with my partner which is allowing me to save a decent amount of money each month towards a deposit on a property of my own. I'm hoping to be in a position to start shopping around for houses early 2017.
My partner has his own property and I would like one of my own, purely funded by myself and in my name. Price bracket for the property will be around 250k and as a first time buyer I'm hoping to avail of the 10% deposit rule for the first €220k.
Depending upon what house I end up buying next year, we may or may not choose to live in the property I buy. Instead we may decide to stay put in the house we are currently living in as we don't have any rent or mortgage repayments on it.
We are both very DIY handy and I'm preferably looking to buy a "fixer upper". Would there be any issues with me applying for a mortgage as a first time buyer with the intent to live in the property and after some time renting it out?
Any advice appreciated.