No more home loans for First Time Buyers?

P

P27

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Hi All,

In yesterday's Sunday Tribune there was an article about a Mortgage Brokers meeting that took place last week, the underlying message of the article was that the traditional First Time Buyer Mortgage Providers - EBS,PTSB and First Active are no longer loaning to First Time Buyers, is there any element of truth in this notion?
Are 92% mortgages still the norm?
 
they are still loaning to FTBs, you will just find that the ratio of deposit to loan has changed hugely. You'll be lucky to get a 90% loan now.

Not a bad thing overall
 
From today's Irish Times


Who is giving out 92% these days MrMan?
 
Esb still give 92%, infact they only dropped to 92 from 95 about 5 weeks ago.
But this is if you go direct to ebs , it may be different through a broker.
 
cromulent said:
From today's Irish Times



Who is giving out 92% these days MrMan?
Click to expand...

These restrictions apply to Buy To Let properties.

For owner occupiers, plenty of lenders still offer 92% for house purchases - AIB, ICS, Bank of Ireland, Permanent TSB, EBS, National Irish Bank, IIB Homeloans...there may be more I'm not thinking of.
 
cromulent said:
From today's Irish Times



Who is giving out 92% these days MrMan?
Click to expand...

I would hope that Liams list gives you an indication that there are actually banks out there (most of them) willing to lend to people up to 92% to buy their homes.
 
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