Hi all my name is Davide i will go straight to the point with as many details i can.
First of all sorry in advance for any "english" mistakes.
So: i'am married
i'm 34 my wife 39
the first time buyer dont bother to us as we have well over the 20% of deposit.
the income joint is 36k
i am full time permanent my wife is part time permanent.
we are paying 1k rent since june 2014 (yes already 26k payed with direct debit for rent)
we have a saving account 400€/mont (12 months now)
by calculation banks are saying we can afford 125k+ mortgage,
but they are refusing to go ahead because my wife contract is a "part time permanet contract but with no hrs guaranteed".
she is earning 12k yearly, all the papers are there and the only think that stop the process is the contract.
i want to mention also that we talked to her boss (is a guesthouse family business) and he explained that as it is a family business he can't guarantee a fixed hour in the contract because it all depends how business go eg. if they have guest then there is work for my wife if no guest arrive no work for her..... i completely agree with him it is normaln, but i don't understand the banks... even if the contract is "unusual" (in the bank view) why they don't consider the real income instead of the contract? i mean she i earning money, payng taxes etc. etc., it is obvious that the guesthouse can't guarantee (even if the guesthouse is in ballsbridge so well positioned and less risk to be vacant) but at the end of the year money earned are there, repayment is well over the requirement "i could eventually afford two morgages", good saving , No financial issue everithing is good exept this contract.
How can i bring this issue to the Central Bank Regulation?
Any suggestion?