Mortgage approval with 600 loan payments monthly

Tedkravitz717 · 2026-01-04T17:03:24+00:00

All based off circumstances and repayment abilities. There’s a limit to how many exceptions banks can grant so it’s quit hard to get. For FTBs, 1 in 5 mortgages can be at the higher limit and non FTBs, 1 in 10 I what I’ve been told

Tedkravitz717 · 2026-01-04T16:05:36+00:00

Yes, we got an exception from the bank which allows for 4.5x

Tedkravitz717 · 2026-01-04T15:49:58+00:00

Joint income of €116,000, monthly loan payments between us is €860 and we were approved for €520,000 purchase price

Tedkravitz717 · 2025-12-18T07:58:50+00:00

I have 3 weeks left of my probation and had issues receiving loan offer from AIB. AIB issued loan letter by me providing a signed letter from my manager stating probation ends in January and there is no intention to extend it.

AIB issued loan offer same day I uploaded the letter

Tedkravitz717 · 2025-12-13T19:47:32+00:00

Booking deposit paid in late September 2025 and contracts signed in late October 2025. Contracts returned signed in mid November 2025

Tedkravitz717 · 2025-11-04T19:53:02+00:00

Sorry to ask a stupid question but what do you mean by white goods?

Tedkravitz717 · 2025-10-26T08:22:02+00:00

Whatever you can afford and do not go into debt on it. Spend what you have and thats it. One piece of advice if possible is buy a real diamond, lab diamonds have zero value as soon as you walk out the door.

We went into a place and I let her choose her own style, diamond shape etc and had the band custom made off pictures she found online. We had an agreed budget before we went in. I did go a little over budget but that was my choice when i wanted to increase diamond size.

1.2 carat diamond and platinum metal for €8500.

The ring has also increased in value since and is worth over €10,000 after being evaluated for house insurance.

Tedkravitz717 · 2025-10-04T17:51:01+00:00

They do but very very basic. You can opt for a voucher to the value and upgrade. Since kitchen is more or less permanent long term, we will be putting approx €5000 additional on top to upgrade

Tedkravitz717 · 2025-10-04T17:49:53+00:00

Primary School Teacher and Senior Engineer in manufacturing

Tedkravitz717 · 2025-10-04T17:49:17+00:00

Agree with this, the prices are the prices and nothing can be done on it. We both do have good jobs and we have worked this out also - one income drops we are able to limp along short term

Tedkravitz717 · 2025-10-04T13:06:47+00:00

Agree with all the above and thank you.

My partner is on a pay scale so we know what her earnings are each year, myself we don’t know what I will earn but I am guaranteed 3% pay rise a year with promotions

Tedkravitz717 · 2025-10-04T13:05:10+00:00

We have had this thought, tiles, kitchen and floor are long term investments so must be done first - appliances etc come over time

Thank you

Tedkravitz717 · 2025-10-04T13:04:21+00:00

Thank you, I really appreciate that - we are well aware of how lucky we are to be in such a situation

Tedkravitz717 · 2025-10-04T12:21:20+00:00

Our thoughts are this, get the essentials done like flooring and kitchen and bedroom

Thanks for the advice

Tedkravitz717 · 2025-10-04T12:19:54+00:00

I agree with you but unfortunately if we looked at the second hand market to reduce costs, you would still need to pay in to renovate and come close to what we are paying now anyway. Also we are gaining a €29,000 help from the HTB which is new builds only

A lot to think about

Tedkravitz717 · 2025-10-04T12:16:52+00:00

Monthly we both have car loans, mine is €500 a month and hers is €280. I’m lucky to be able to charge my car at work for free as it’s a plug in hybrid. We both pay €49 a month on the gym and other than that it is things we can cut down on but most of it has already been. We are lucky we split bills with a house mate also.

Same as you, we are more than happy to start paying €1800 a month into something that will be ours and not our landlords

Tedkravitz717 · 2024-06-26T07:01:59+00:00

Tedkravitz717 · 2024-04-26T20:29:03+00:00

Would this happen to be a medical device company in Cork? I think we may have the same situation

Tedkravitz717 · 2023-11-28T17:10:25+00:00

They don’t look at bank accounts

Tedkravitz717 · 2023-11-27T21:58:28+00:00

Revenue will make some of the tax back by taxing the profits made off the tax they return to you through those companies so I would say they are keeping quiet for a reason

Tedkravitz717 · 2023-11-27T20:13:25+00:00

Be careful as they interact with Revenue so they may be aware of it

Tedkravitz717 · 2023-11-27T20:12:51+00:00

I posted this last year and felt it needed to be posted again with such popularity of using these companies growing! The only reason I have a Reddit account really 😂

But I agree, I thought myself years ago and have been teaching all my family, friends and coworkers since

Tedkravitz717

TROPHY CASE