Say you wanted a €200,000 mortgage over 30 years and interest is at 4%, which is increased to 6% under the stress tested scenario. You have to show the bank that between your mortgage and regular savings, you have €1,200 a month. From what you have told us, you can only show the bank €740.
She hasn't told us if there will be childcare costs.
Gaaman what ages are you. Is the apartment in Dublin, or a city, (based on rent I'm assuming it it) is that near work. Is the house you are planning to build nearby, if not and it's in the country side is that really a good idea?
And yes knock of 10k for selling costs. Around 4 for the auctioneer and max 2 for a solicitor, possible less if you use the same one you bought with. And 2 for solicitor for purchasing. (can't remember if there is stamp duty on house purchase)
Where would you live while you build?
Hi Bronte, it's mentioned above that there are no childcare costs, in the opening post
'Children – 2, no child care costs, number 3 on the way.'
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?