Hi,
This is my first post in here, having only discovered the site yesterday ...... excellent resource!
My wife I and are considering moving house.
Our current home has been valued at between €500k and €520k
We have €200k left to pay on our mortgage.
The houses we are interested in are going for between €560k and €580k plus stamp duty........we obviously aren't first time buyers.
At the most it looks like it'll be a jump of €100k to move.
We are both self employed, I have a gross wage of approx €50k, my wife hasn't been paying herself a huge amount as she's starting off but hopes to pay herself the same as me ..... €50k ...... in 2007.
I should point out that both of us have our business accounts with the same bank (Ulster Bank) and my father has a company employing 30 people and has banked with this branch for 20 years or so.
Could somebody please advise me how likely the bank is to approve a remortgage to allow us buy the house we want.
Any help greatly appreciated!