Hi,
My wife and I are looking at organising a home renovation. She is on mat leave at present so unfortuntaely we cannot get a top up/equity release from our mortgage. So we are looking at a PTSB home improvement loan and then in a year or two we will look at refinancing this via equity release from our PTSB mortgage to get a lower interest rate (Ive confirmed that this is possible)
PTSB have asked if I want to apply as a single applicant or as a joint applicant. We have a PTSB joint current account and my own salary is paid into my BOI current account.
Im not sure if there are any pros/cons for a single or joint loan application? Maybe as wife is on mat leave it would be more likely to be successful if just myself was to apply? Any advice is welcome! Thanks.
My wife and I are looking at organising a home renovation. She is on mat leave at present so unfortuntaely we cannot get a top up/equity release from our mortgage. So we are looking at a PTSB home improvement loan and then in a year or two we will look at refinancing this via equity release from our PTSB mortgage to get a lower interest rate (Ive confirmed that this is possible)
PTSB have asked if I want to apply as a single applicant or as a joint applicant. We have a PTSB joint current account and my own salary is paid into my BOI current account.
Im not sure if there are any pros/cons for a single or joint loan application? Maybe as wife is on mat leave it would be more likely to be successful if just myself was to apply? Any advice is welcome! Thanks.