Have banks loosened up a bit?Need permanent job for mortgage nowadays?

W

wiggles1980

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My wife has permanent job, Ive a series of fixed term contracts.
Are banks looking for permanancy or have the loosened up a bit???
Desperately want mortgage!
 
We applied last week, they were not interested in the slightest in my GF's income and shes on a contract of indefinite lenght
 
From my recent experience, and anecdotal evidence from people i know, AIB & BOI definitely not interested in aknowledging earnings if not fully permanent.
 
I apllied to BOI recently and was approved. But they are back to the correct way of lending. I.e. a lotof strict checks. You will need to be permanent. If you are not permanent, you may be seen as a dependent which could lower the amount they'll offer in a joint mortgage.


You need to be in a permanent job (the irony of it in this day and age), display to the banks that you can actually save money, and if you have correctly paid off previously loans like car loans or something that will definitely help too.

If you don't have a regular savings account, I would set one up immediately and start saving a little more per month what you would intend your mortgage payments to be. I.e. if your mortgage could be 800 a month, start saving 1000.
 
Reason for no interest in GF as its not a legal relationship - anecdotally I hear that if a couple were married, only a joint-application would do.
 
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