problems

folks

I was loking to buy a house down the country with my girlfriend, with the hope of both of us moving there and getting jobs, which in our line of work wouldnt be to difficult, fingers crossed...

The bank i briefly spoke to said if we are living in Dublin while applying we would be seen as investors and would only get 80% and have to pay stamp duty.... we do want to buy i the midlands direction and move there... Is there any way to arge this sucessfully or get around it

thanks you


krabik

I can't see this as being true. But you should get legal advice from your solicitor. A solicitor will need to be involved in the purchase anyway.

Maybe you could change jobs first and move into rented accomodation, and then go house-shopping? However, you might have trouble getting your mortgage while you are still on your probationary period.

I got a mortgage from Irish Nationwide to buy my house in Cork while still living in Dublin. And it wasn't an investment mortgage.
Most of the other banks needed proof that I would have a job in Cork by the time the house was ready but I wasn't able to provide that at the time.

I don't know if it's wise to go with a mortgage provider because they are the only ones who will accomodate you. Ensure that you are getting a good deal (rate and terms) long term. However, if you get someone willing to give you a mortgage for a house in Cork now (but at less favourable terms that other providers), maybe you could switch to another provider in the short/medium term.

There are many people travelling great distances every day to work in Dublin. Many travel from Athlone/Longford every day by train.

If it is your only property and you intend using it as your PPR I don't see where the bank manager is coming from. Maybe solicitors using AAM could confirm.