N.irish, living in England, want to buy in R.O.I

cheapestcharlie

Hi, I’m from Northern Ireland but living in England with my English partner and our 2 kids. He currently owns our house (has owned it since before we met) and I live there rent free. I now want to buy to get myself on the property ladder (first time buyer) and I’d like to buy a holiday home in the Republic of Ireland. I’m really struggling to find information about how to go about this. E.g would I be better to try and get a mortgage from a Uk or Irish bank, do I need a larger than average deposit? Obviously this would be the family’s second home but it would by my first property so would this cause issues in getting a mortgage? Any advice/help would truly be gratefully received.
Thanks in advance
Cc

AnotherJoe

Whats your rationale for buying a holiday home in the ROI?

Is that because you holiday there a lot? You think its the best place to make a profit on a house? Would you be letting it out or is it just for yourselves? If the former, who will manage rentals, advertising, checkin and out, cleaning, etc?

Why arent you looking at investing in your partners house so it becomes your joint house?

cheapestcharlie

Hi. Thanks for your response. I often go home to visit family who live near the border and I rent a house on th ROI side as it’s by the beach. I don’t see this as a business just a holiday home for my family. I don’t want to invest in my partners house.
Thanks
CC

AnotherJoe

Seems a very expensive way of paying for lodgings for holidays.
In your shoes I'd speak to an Irish bank to keep all transactions and legalities in the same country and currency.

Without knowing anything about your income, potential deposit and expenditure there's no way to know what the odds of success are but this wouldnt be my number one suggestion to "get on the property ladder" since you have a combination of income in a different currency to costs, no letting income to offset the expenses, no UK property, and most likely a deep skepticism from a lender that you can indefinitely live rent free.