Mortgages n ireland

Captain_k

Here's the deal ..
Current mortgage 19 months clear Payments several late payments before that around 25k equity
Two defaults from 5 years ago virgin media both satisfied under 100 quid
Store card several 1s on credit file max 3 1s as past 15 months
Credit card status 2 8 months ago totally clear before and after
All other accounts clean
Want to buy a second property with Ltv 75% affordability should not be an issue
Full time employed with same company 16 years
Is there any lenders that lend on Northern Ireland property's suitable worth a shot or not ?

marathonic

I highly doubt it with such recent poor history but you may be best asking on the main mortgages board to get some answers from proper mortgage brokers.

motorguy

Buy to let or a second home?

qwert_yuiop

motorguy wrote: »

Buy to let

....does not seem like a very good idea if you need a mortgage.

motorguy

qwert_yuiop wrote: »

....does not seem like a very good idea if you need a mortgage.

Well we dont know the O/Ps circumstances, but needing a second property seems odd unless its for investment.

qwert_yuiop

There are now some significant financial obstacles to residential property investment following the budget. The message is that houses are to be bought by occupiers and not landlords.

CEON44

qwert_yuiop wrote: »

There are now some significant financial obstacles to residential property investment following the budget. The message is that houses are to be bought by occupiers and not landlords.

What happened in the budget that is an obstacle to property investment? Must have missed that

qwert_yuiop

Higher stamp duty on second and further houses, different higher capital gains tax for residential investment property, added to the loss of the recognition of interest payments as an expense. Yea, he's trying to curtail buy to let.

saverbuyer

CEON44 wrote: »

What happened in the budget that is an obstacle to property investment? Must have missed that

Automatic 10% wear and tear allowance removed. Now have to provide receipts for actual expenditure.