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Minimum mortgage for none residents

Minimum mortgage for none residents

Postby Slater39 » Sun May 17, 2020 1:02 pm

Hi all need some information about a mortgage. We've been told that if your none resident and u want a mortgage that the minimum u can take out is €60.000 is that right? Thanks for any advice given.
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Re: Minimum mortgage for none residents

Postby elchedave » Sun May 17, 2020 1:04 pm

I would suggest asking the banks, they'll know best.
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Re: Minimum mortgage for none residents

Postby marcliff » Sun May 17, 2020 1:29 pm

Depends on the bank, I would think. OK, it was some time ago but we took one out for €20,000 on a €200,000 property and that was to ensure the bank would check on the legality and any fees owing. We paid it off after 3 months with Bankia.

Yes, I know solicitors are supposed to do the checks but we were bitten badly on one property where the builder took out a mortgage on the land and we weren't informed of it by the solicitors.
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