PTSB 100% mortgage page 404'd

[Green_Bear]

100% Mortgage from permanent tsb.

permanent tsb, as one of Ireland’s leading mortgage providers, is delighted to offer first time buyers a 100% mortgage which may help you to get your first home that little bit quicker.
100% Mortgage

* A mortgage of up to 100%* of the value of your new home
* Get up to 97% of the value of your new home and avail of our Big Freeze option, which allows you to defer your mortgage repayments for up to the first six months.
* Competitive fixed, standard variable and tracker rates
* Loan term up to 40 years
* Discount on permanent tsb home insurance for the first 2 years
* Instant mortgage approval in principle
* Option of a personal loan (currently 8.9% APR) up front to cover the deposit

For further information call our Dedicated Mortgage Team on
1890 500 142

or request a callback
Terms and conditions

1. Subject to a minimum income of €75,000, single or joint.
2. The new 100% mortgage will not be available to purchasers of 1 bedroom or studio apartments, for site purchase or self builds.
3. Minimum time in employment of 3 years.
4. At least one first time buyer must be a party to the loan.
5. Deposit Upfront: This comes in the form of a term loan, which is paid off in full once you draw down your mortgage. You will have to make monthly repayments on this term loan from the time you take it out up until the mortgage is drawn down.

Warning: The cost of your monthly repayments may increase - If you do not keep up your repayments you may lose your home. You may have to pay charges if you pay off a fixed-rate loan early.

Lending terms and conditions apply. Security and insurance are required. Normally subject to other lending criteria and assessment. The maximum loan to value (LTV) for a home loan is 100% for First Time Buyers (97% for Big Freeze Mortgage option) subject to a minimum income of €75,000, single or joint. The following maximum LTV ratios apply irrespective of income: (1) 95% for apt/duplex units with 2 or more bedrooms, (2) 92% for 1 bed apts, (3), 95% for Second Time Buyers of any property. Lending levels are subject to a total monthly repayment commitment not exceeding 35% of disposable income. The monthly repayment on a 20 year variable tracker rate mortgage of €100,000 at or above 95% LTV (APR 5.4%)is €676.64 (€704.66 with Big Freeze option) If interest rates increase by 1% an additional €57.41 (€62.15 with the Big Freeze mortgage option based on an average 30.4 day month) would be payable per month. If you do not keep up your repayments you may lose your home.

Up front deposit: Typical cost per thousand is €12.45 per month over 10 years (variable rate 8.9% APR). The Big Freeze Mortgage option: This option is not available on RIP/Commercial, Secured Personal Loans, Endowment or Interest Only Mortgages and cannot be exercised in conjunction with skip payment option and the low start option. The interest portion of the monthly repayments, which the applicant has elected not to make, will be added to the principal at the end of the month, or each month of the holiday period (if for more than one month), and will be repayable over the remaining term of the loan. All insurance premiums will be payable during the payment holiday period. Variable rates may be adjusted by permanent tsb from time to time. Information correct as at 04/02/2008 but is subject to change.

Original link
permanenttsb.ie/mortgages/10 … rtgage.asp

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[Stingy_Buyer]

Good find.

How do you find this stuff?

[corner_back]

Indeed.
So suppose you are at the base of the 75k income?
What is the max can you (/could have then) borrowed based on these here figures?

I must apologise that I amnt the most familiar with the current irish tax regime so cant quite do the before and after tax figures in my head on the fly.

(p.s. In germany you just divide by 2 to get your disposable income!! Handy that. Baaastard tax man though)

[2Pack]

Really , look at this

permanenttsb.ie/news/default.asp?nid=519

The permanent tsb 100% LTV mortgage is available on residential annuity homeloans only and applicants can avail of any LTV between 92% and 100%.

Please find detailed below the key product criteria:

* For joint applicants at least one of the applicants must be a first time buyer.
* Our full product suite is available with the exception of the new business 1 year fixed and discounted variable rate products.
* Our current nets criteria allowing for maximum nets of 35%, 40% and 45% for incomes ranges of below €75,000, below €125,000 and above €125,000 respectively will continue to apply. For applications received above 92%, these net limits will be strictly applied.
* The primary First Time Buyer earner on the application must have at least 3 years continuous employment. In certain circumstances we will consider exceptions to this policy.
* Maximum loan term 35 years. (Maximum term for the nets calculation will remain at 30 years).
* The maximum LTV with our Take4 option is 98%.
* Site purchase, direct labour, 1 bed apartments and studio apartments are excluded.

It is permanent tsb’s intention to lend intermediary customers the deposit amount, when required, subject to applicable criteria. This facility is currently being developed and will be communicated to you early next week.

As previously advised we will facilitate any of your pipe line customers who fit the criteria and now require an increased loan amount. Should you have any customers who require this service, please contact your Intermediary Development Manager or Pat Hurley, Central Underwriting @ 1890 66 44 33. We will require an amended loan request form signed by the customer detailing the increased loan amount required.

Should you require any clarification on the above, please contact our Sales Support Team at 1890 66 44 33.

Jolly Nice of them Ring up today !