Buying a house in Ireland as a foreigner
Wednesday, January 31st, 2007I am a foreigner in Ireland, on a yearly work-permit to be exact. Buying a house is easy. All you have to do is have the price in cash and the rest is paper work.
Getting the cash though is another matter. No mortgage provider I have spoken to will loan me something that will take 35 years to repay. I see a bit of logic in it but at the same time I see an opportunity for a mortgage provider willing to back foreigners who plan to live in Ireland.
I should clarify “foreigner”: I am from Africa, South Africa to be precise. Thus something that may work for EU foreign-nationals (e.g. Polish) probably won’t work for me.
My two options are; wait 4 years until I become a citizen and then get a mortgage. Or, go 50/50 with an Irish citizen who I trust since it will be their name on the deed.
Anybody have any other options? Anybody know of a mortgage provider who backs foreigners?
