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Yes basically. I am in the process of getting a mortgage in Ireland and they will give you up to 4x the gross income of those applying. This doesn't include any
by cuSetanta 3y ago
Yes basically. I am in the process of getting a mortgage in Ireland and they will give you up to 4x the gross income of those applying. This doesn't include any deposit or savings you may have of course.
- logical_ferry 3y agoWow. That seems very conservative. Over here in Croatia they only look at your last 3-6 pay slips and that's it. I own a small LLC and I gave myself a raise before taking out a mortgage, then after I got the mortgage I returned back to my original salary. On a 2.200 EUR before tax salary I was cleared for a 150.000 EUR mortgage, but could have went even above that. They don't care about deposits or savings, even though owning a credit card and investing briefly (40 EUR each month for 2-3 months, then you can stop investing) in one of the bank's funds does lower your interest rate (which was 2.48% before New Year, now it over 3%).