First Time Buyer -- Recently moved home

B

Baz123

Guest
I'm a first time buyer and have only recently moved back to Cork from the UK. I've never had a full time job in Ireland, therfore I've no income records here. I've recently taken up a full time post in Cork and have been working for the past two months. What do information do I need to get a mortgage off the bank/broker/etc????? Will my bank statements from the UK be good enough???

I'd appreciate any advice as I don't have a clue about this sort of thing.

Cheers,

Baz.
 
Hi Baz,

You need proof of your ongoing employment in the UK as well as bank statements showing your ongoing savings/income in the UK. Doesnt matter where you were as long as you can prove to the bank that you have held down jobs in the past and have had regular income. Proof of savings is also helpful if you have that too..
 
I can really help on this. Was in same position this time last year

Info may be slightly different as I was buying as part of a 'we'

My OH moved from UK in May 2004 and I moved in Feb 2005, applied for mortgage in March/Apr 2005

OH was working in Ireland for almost 12 months so didnt want any empoyment record for him from UK, which was just a well really, that was partly the reason we were moving, he was self employed and not too busy.

They requested information to show I had been in continuous employment prior to move to uk for at least 12 months. I gave them the last 5 yrs P60.

They also requested bank statements from both of us for a period of six months prior to us coming to Ireland, OH did not open bank account here straght away was using credit union, they were not happy about that.

We both completed salary certs and the bank wanted comfirmation that there was no probationary period on my employment.

The wanted payslips from both of us from Ireland- would not consider anyting less than 3 months

All was going well until my 6 month contract job finished and didnt get another one for a few months, all sorted now though, getting mortgage if you dont have 12 here is more difficult, but just give them everything you have. If salary levels high enough and credit good you should have no problems
 
It probably depends on the bank I just had to submit 3 payslips since working in Ireland to prove what my current earnings were, my UK ones did not come into it - sorry just reread, actually not the same at all as I had worked in ireland for 6 months previously anyway.
 
Thanks guys,

That clears things up a bit. I suppose I should just give them all the info I have and let them sift through it.

Baz
 
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