This message has been edited - 20-apr-2012 @ 14:04

Originally posted by kelticwave:
A one off house in country? Banks slow to lend for them now.
Went into bank last week, looking to feel them out on a remortage. Have my house paid for but want to build on farm, looking to have mortgage on my current house only.
House is in nice area and easy to rent in Cork City. They would only gice 50% of value of house for new build.
Lot's of hidden costs in self build
Planning costs
Professional fees
Local authority contribution
Water connection
Best of luck with it.

Originally posted by Flakin:
Have you the site already purchased? Im guessing that you are only looking for a 115k mortgage to build a new house that you do? Planning process (percolation, drawings, solicitors, re-drawing, more solicitors) essentially devoured our savings - therefore going to the bank we didnt have savings as such. However we did have a site, with planning permission, in our name. They made us jump through plenty other hoops but a deposit was never an issue.

Originally posted by John Joe Soap:
Heard that too. I also heard that there were only 3 applications for mortgages. Most loan applications were for the purchase of caravans.

Originally posted by jambon:
I have savings of around 15k and was hoping to build a house. My question is say i get approved for 115k of a mortgage do i get to add my 15k deposit on to the 115,000 or what is the story?

Originally posted by South Limerick Referee:
What size and type of house do you intend building for €115K. Could you for instance get away with spending say 80K for now, finish just a couple of rooms??

Originally posted by South Limerick Referee:
in 2006, about 2500 square feet. If I remember correctly €70,000 got the roof on, the windows in the first fix plumbing and electrics and internal and external plastering, and the floors poured.

Originally posted by FTJC:
Buy a clapped out caravan

Originally posted by FTJC:
Not just out my way. The whole country is riddled with caravan dwelling parasites and the only method the state uses of "sorting them out" is handing them houses FOC paid for by peoples income taxMeanwhile i work and struggle to pay a boom time 35 year mortgage.Who is the fool??!!

Originally posted by Admiral Yamamoto:
if I was shackled by such a mortgage I'd just post the keys to the bank and tell them not to worry about what i'd already paid down, they can consider it rent.

Originally posted by Hitch:
You're in the wrong country if you think that would work!

Originally posted by Admiral Yamamoto:
Oh really, if it was me i'd be sippin saké in some far off land before An Post even delivered the keys.At the moment people who are unable to pay down their mortgage every month for the most part are still living in their homes, i'd be doing the bank a favour by getting out of their way. Win win.Do you not like my plan Hitch?