Living in UK - Buying in Ireland (Mortgage Advice)

M

Marmalade

Guest
Hello!

I am new to this forum and would like some advice please! :)

I am currently living and working in the UK and am looking to buy a place back home in Ireland.

Does anyone know if it's better to get a mortgage here or in Ireland?

Also, I am a first time buyer. Is it possible to say that my main place of residence is going to be the house I am buying in Ireland, although I work in UK during the week!? I plan on moving back to Ireland as soon as I can get a job there, but things aren't looking good on that front (especially in my neck of the woods in Ireland).

Anyone in the same position, or who has done this already?

Thanks,
Marmalade.
 
With a job in the UK and a flat / house rented there, IMO you will be unable to make a case that a house purchased in Ireland is your PPR. It might be simpler to delay getting a house until you have a job and savings record here.
 
Fair enough if that is so, but I do think they should re-word Section 92B to that effect because it leaves itself a bit open to interpretation at present.

On the revenue.ie website, it states:

"where the property purchased is occupied by the purchaser, or a person on his behalf, as his/her only or principal place of residence"

I have highlighted in bold the word "or" because it would not be my only place of residence as I am currently renting in the UK, it would however be my principal place of residence as it is where I would go when I am not working in the UK (and I have the flight receipts on my credit card to prove that I have been doing this already!!!!)

If I am working away from home, it still makes my home my principal place of residence (the word "principal" is a bit subjective here too!).

Since I have been working in the UK, I am over on Monday morning and back home on Friday evening (I stay with my parents & brother on these occasions).

It shouldn't matter too much anyhow as the mortgage repayments will be low and I don't think I will have to pay stamp duty as the property I have made an offer on is less than 125K

Does anyone know what kind of a mortgage I should apply for then, if I am not classed as a first time buyer and I am not willing to rent out the property (investor)?
 
Hi Marmalade

I am in a very similar situation to yourself, working in uk 4/5 days a week and back to Ireland at the weekends.

Did you manage to find a mortgage provider who would deal with such situations?

Dan
 
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