- Key issue:
- Returning home pre approval
- Case study:
- Choosing A Lower Percentage
- Date:
- 2004-03-12
- Mortgage amount:
- 350,000
Outcome
Client chooses 80% facility as non resident in prefernce to 92% on securing employment in Ireland.
Detail
Two professionals returning home.Deposit paid on house.Dont want to advise current employer of intentions and would prefer to have house ready when they return. Could wait until they return and secure employment contract and gain 92 % facility.Alternative is to have new home ready on their return based on non resident criteria and lower loan to value. 80% facility offered and taken.Key underwriting criteria are employment prospects and ability to fund deposit.
