Hi Everyone
I would appreciate advice,
Situation: Husband and I and family wish to return to Ireland. Already have a house with mortgage (capital and interest) which is being paid for by tenants plus top up by us.
We dont plan/wish to return to this house. Was always meant as an investment (ha ha......).
Our dream is to buy some land and farm (part time farm or full time). We have savings, about E350,000. I have been researching properties, so here are my questions: (Oh yes, my husband construction worker, will be able to work but nothing concrete, ie no contract so far. Ditto me, no set job, will look for one, health care professional....I am losing hope writing this down..)
Is there any chance of us securing a mortgage?
If for eg purchase price was 600,000 and we had half the value?
Is there any point applying for mortgage based on earnings abroad?
Is there any way around this?
If one is buying a farm, can the future earning potential of the farm be used to apply for a mortgage?
Basically, I want to live in Ireland, I want to bring my children up in Ireland. I have a dream, my farm, I dont want to give up on my dream.
Yours
In hopelessness
Bangalore