20 Jun, 2019

What is Loan to Income?

Loan to Income is the ratio between the amount of loan advanced and the customer(s) income. e.g. the current Central Bank guidelines allow for customers to borrow up to 3.5 times the gross annual salaries i.e. if gross income is €50,000 then they can borrow €175,000. There are exceptions to these rules and you can discuss this with your mortgage advisor.
Central Bank rules on loan to income do not apply for a straight mortgage switch where you are not increasing the balance outstanding on the mortgage.

Related Posts
Covid-19 Mortgage Break – what you need to know
16 Jun, 2020

Covid-19 Mortgage Break – what you need to know

This Saturday Martina Hennessy from Doddl spoke to Sinead Ryan of The Home Show, Newstalk Discussing the Covid-19 mortgage break, its extension, long term impacts Listen here for more – Newstalk The Home Show See further information also on... [...]
Making Cents: Should you choose a fixed or variable mortgage rate doddl mortgages irish examiner
8 Sep, 2020

Making Cents: Should you choose a fixed or variable mortgage rate?

“In the last three months 75% of all new mortgages were drawn down on fixed rates offering home-buyers security in a time of uncertainty” Last week, I spoke to Martina Hennessy, managing director of doddlie, about the benefits of... [...]
doddl mortgages uses smart technology to support our customers mortgage applications online
7 Jul, 2019

How we are using smart technology to support our customers

You, our customers, are the reason we exist – and this is how it all started… In the beginning, as financial experts, we have been providing the best advice available on the market for over 15 years and we have seen first hand how the... [...]