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 Post subject: Getting a new mortgage
PostPosted: Mon Nov 26, 2018 7:43 pm 
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Single Home Owner

Joined: Apr 16, 2009
Posts: 146
I'm looking at getting a mortgage of 295,000 on a property I'm looking to buy for 660,000. I have another property which is rented out and after being stress tested by Permanent TSB gives a net income percentage of 48% and they say they need a minimum of 55%. As a result they're only prepared to give me a mortgage of 255,000.

I'm just wondering if anyone knows if any of the other banks would lend more money, given the low LTV and the fact that I'm looking for less than 3.5 times my salary, and also if I'd be better going through the banks directly or via a broker?


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 Post subject: Re: Getting a new mortgage
PostPosted: Tue Nov 27, 2018 1:13 pm 
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First Time Buyer

Joined: Jul 24, 2018
Posts: 99
bart wrote:
I'm looking at getting a mortgage of 295,000 on a property I'm looking to buy for 660,000. I have another property which is rented out and after being stress tested by Permanent TSB gives a net income percentage of 48% and they say they need a minimum of 55%. As a result they're only prepared to give me a mortgage of 255,000.

I'm just wondering if anyone knows if any of the other banks would lend more money, given the low LTV and the fact that I'm looking for less than 3.5 times my salary, and also if I'd be better going through the banks directly or via a broker?

Try KBC?
Good fixed rates for low loan to value mortgages


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 Post subject: Re: Getting a new mortgage
PostPosted: Tue Nov 27, 2018 10:47 pm 
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Under CAB Investigation

Joined: Apr 9, 2014
Posts: 2126
bart wrote:
I'm looking at getting a mortgage of 295,000 on a property I'm looking to buy for 660,000. I have another property which is rented out and after being stress tested by Permanent TSB gives a net income percentage of 48% and they say they need a minimum of 55%. As a result they're only prepared to give me a mortgage of 255,000.

I'm just wondering if anyone knows if any of the other banks would lend more money, given the low LTV and the fact that I'm looking for less than 3.5 times my salary, and also if I'd be better going through the banks directly or via a broker?

Use a broker


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