LifeBegins
Registered User
- Messages
- 17
I have been saving into my credit union account with a view to applying for a mortgage in the coming months. I am a second time purchaser. The credit union have informed me that as of yesterday they have reduced their maximum saving amount and, having exceeded this maximum, I can no longer lodge money to my account.
This morning I applied to open a BOI Mortgage Saver account. Although I understand the benefits of this account are largely payable to first time buyers. My current account is also with BOI, which made it a convenient option.
I’m now wondering if there would be a better option for me? Due to the current Coronavirus situation and the unsettled state of our property market, I imagine it will be a further 6 to 12 months before I apply for mortgage approval. My job is secure thankfully.
Any advice on where I should save my money during this time? Many thanks in advance.
This morning I applied to open a BOI Mortgage Saver account. Although I understand the benefits of this account are largely payable to first time buyers. My current account is also with BOI, which made it a convenient option.
I’m now wondering if there would be a better option for me? Due to the current Coronavirus situation and the unsettled state of our property market, I imagine it will be a further 6 to 12 months before I apply for mortgage approval. My job is secure thankfully.
Any advice on where I should save my money during this time? Many thanks in advance.