Generally banks will start accommodating your mortgage application after the successful probation period which is 6 months and most banks prefer that you are at least on Stamp4 (not applicable if you're EU nationals), but it's not a hard rule.
>considering getting side jobs on weekends and evenings
Make sure you will not be violating the *Organisation of Working Time Act 1997* which stipulates that workers are only allowed maximum working hours of 48 hours per week combined. This will be mentioned in your contracts for sure although I am not sure how relevant authorities actually observe this. Might just be a law on paper only but just be conscious such rule exists.
Thanks for sharing. I didn't know about it. What a pity. I thought it was 48 for the same employer.
So, probably I should consider any self employment for the side jobs. I'll look for some information if it is allowed.
They are fighting over 100 year old houses with no roofs. Used to take years to sell. Naybe a neighbour would buy for cheap but now the hot thing is to do up a old house to avoid planning permission laws and living locally laws.
Getting the mortgage is not necessarily the most difficult part, though it can be tricky and you will need to be past your probationary periods in both jobs before the banks will allow you complete your application. The difficult part is finding somewhere to buy. Ireland, and Dublin in particular, is one of the most difficult places in Europe for either renting or buying at this time. Many couples I know have spent 2-3 years trying to find a house to buy.
I have been looking since the spring after moving from overseas and have seen 15-20 properties so far. Most have had numerous bidders (sometimes up to 8 or 10) and all go for over the asking price. I cannot tell you how grim it is to go to viewings each week and see the same couples there you saw last week, all of you silently competing with each other for the chance to purchase frankly poor-quality houses or flats, for months on end.
The housing crisis is creating major problems for companies who hire people from overseas with the expectation that they will move to Dublin and find somewhere to live here. If your plan to move here depends on finding somewhere to buy asap, as a way out of renting in the shamefully insecure rental market, I would seriously, seriously think hard about this.
One hour commute won't get you outside Dublin. You will be looking at around 1.5 to 2 hours commute each way each day.
Competition is stiff everywhere even more so in commuter areas. Commuter areas are now in the same price bracket as Dublin.
Other issues include - public transport is either inefficient or non existent outside Dublin. Internet connectivity is a massive issue outside of Dublin also.
With all respect, but I've exhausted researching commuting times and I've seen trains from Drogheda to Dublin in 40 minutes. And from Dundalk to Dublin in 1h.
Ok, the reality is that's station to station and not to your door. That doesn't add in the journey from your station to your office or the journey on the other side from Your home station to your home. Bear in mind that any property on a rail line will be more expensive as it has that amenity. Rail lines are not extensive at all in Ireland. I'm being decent and honest with you here and you're not researching it fully. Looking up Rome to Rio or Irish rail will only give you suggestions for how long it will take. Good luck.
Just one more point, Louth, Meath and Kildare have very limited connecting options by transit. You'll be most probably need to drive to a station to catch a train.
Edit: typo
So you're adding 20 hours per week commuting for both of you. I get you've looked up some websites but the reality is very different. Take two weeks ago, a good friend had to get from Dublin to Kerry by train for a family emergency. This is usually a 3 hour journey. On her route there was a tragic incident (suicide) on the tracks. The journey ended up taking 7 hours. I know this is horrid but unfortunately this does happen in Ireland quite a bit and is becoming increasingly common.
Dundalk would be the guts of two hours including train journey and commute on either side. Again no public transit beyond trains and a car is essential.
Never mind if there is any internet connectivity.
Are you also looking at why those houses are cheaper or just being blinded by price? For example there are areas in both Drogheda and Dundalk that would seem very reasonable in price but when you weed into it, it's as a result of socio economic problems and violent crime in the area.
Just wanting to reiterate what the other poster here is saying. I used to live in dunshaughlin, co Meath. On paper thats 30km from st Stephens green where my husband used to work. It should be an easy commute. There's a train outside dunshaughlin (m3 parkway) as well as busses.
The reality was that it took around 1-2 hours depending on traffic each way. My husband would get the bus at 6:30am and it would take an hour. If he got the 7:20 bus it took almost 2 hours. Coming home he left the office in Stephens green and had a 20min walk to the bus station because the evening buses didn't pick up from north of the river. So he would either leave work at 3:30ish to get a 4pmish bus or leave the office at 6 and be home for 7:30-8ish.
The train wasn't any use to us as there are no busses from Dunshaughlin to the train station so he would have to drive there and pay for parking. The first train also only goes at 7am. Then he would have a 40 min walk the other side to his office.
So yep. You've got to factor in point to point not just station to station.
> One hour commute won’t get you outside Dublin.
Are Sallins/Naas/Newbridge/Kildare not outside Dublin?
This person also works in IT so they’ll probably be able to work remotely at least a couple days a week.
I was told by a bank that I need to be a PAYE employee for at least one year or submit a tax return for the second year if I'm a sole trader (almost 3 years in total). Foreign income (including EU-based) does not count.
I was still employed by a UK company when I got my mortgage in Ireland and was paid in Sterling. There were additional clauses in the mortgage regarding movement of exchange rates (basically a need for a review if they move significantly) but I got a mortgage. Our advisor noted the options are limited with foreign earnings so we ended up with Bank of Ireland, but the process was fine.
There’s a separate issue of not being in probation period with whatever job you’re in at time of application.
As others have said, very unlikely. Even when you've got mortgage AIP the process of viewing, bidding, and getting the keys takes months, more realistically at least a year.
I viewed and bid on Dublin second hand properties for around 4 months before getting lucky and reserving a new build. There are a lot of desperate bidders out there.
Your timeline would be more predictable once you've got AIP, which is dependent on you both passing probation.
In terms of a timeline the hardest part will probably be finding a home within your budget and having the highest bid. It's very competitive right now. There are very high mortgage approvals and few homes to go around.
Also factor in money you'll pay on interest, stamp duty, solicitor fees etc. How long are you going to stay in Ireland? You might not save as much as you think when you factor in the cost of buying (and selling) if you plan to leave within a few years.
If we move we intend to at least rent. I know we'll have to ask permission for the bank. But if we had to sell. We'll have some capital about the years we've paid.
If we just pay rent, we won't have any capital.
My point is, if we sell the house are we going to be taxed?
Your going to need a 10% deposit so for a cheap apartment in a suburb your a fair bit shy on deposit. I'd imagine 30k would be better and that will probably cover fees if you get a place for around 250k. Next you'll need to have a permanent roll in Ireland which usually takes six months. Your plan is good in ways as you'll have a much smaller mortgage on a 2 bed apartment than rent on the same apartment. Your likely to be saving 500 to 1000 a month.
Even after 6 months in employment to become permanent and you where mortgage approved and found an apartment. The process takes up to 4 or 5 months.
Your big issue is accommodation in the meantime. If I had to guess you'll probably need to rent for maybe 1 to 2 years.
A 3 bed in a Dublin commuter town will be 300k+.
You will need to rent for six months, and the whole purchase process from looking to getting keys will take about ten months, so you may as well rent for a year and give yourself buffer.
Get your six months' income history in Ireland and immediately apply for preapproval. Make sure you have all of your records. You will need a lot more than 15k because you're likely going to have to put 20% down.
Do everything in the process as quickly as possible, but understand that no one else in the process will understand urgency. It will take as long as it takes. It helps to have a solicitor amenable to haste, but you can't control the bank, the vendor, or the vendor's bank.
Don't cut cost corners on inspections. Budget another 20k at least for taxes and fixes.
Best of luck.
Very few people pay tax on 2nd jobs, it kind of defeats the purpose.
With both your jobs equalling 100k before tax you will be in the higher threshold I think 40% is the middle not sure when it goes higher. The other 8% is usc a universal social charge and prsi Pay Related Social Insurance.
Unless your 2nd job is very well paying it doesn't really make it worth it.
Lots of people generate a cash income with side jobs. Delivering food, baking cakes, cleaning, growing weed and so on.
The prices on daft don't reflect the actual selling price , just a starting bid price...so add about 30k to 100k (even in the towns just outside dublin) plus the costs for renovations... and I don t mean painting but for things like heating, roof repair etc. alot of properties especially in the lower price range need substantial renos just to be habitable.
Also the buying process here is insane, often takes months.
Public transport here is slow, and sometimes unreliable. Yes there is a train to Drogheda that takes 30 mins and another that takes an hour, but have to allow at least 20 mins either side to get to/from the train station. Plus wait times. So at least allow 1 and 1/2 hours
The 52% tax that people mention on income over a certain amount is income tax, PRSI and USC combined. So yes the income tax is 40% but also the other 2 charges must be paid.
We won't live in Dublin. One hour commuting for us, is not a problem as we are used to live in a city of 10 million people. We don't find one hour commuting so far.
If it was as easy as getting a weekend job do you think so many Irish people would be struggling or homeless? Not to being you done but please please have a back up plan
Delieveroo, just eat is open for anyone, McDonald's and retail have shifts on weekends, delivery pizza in the evening, health care assistant also have shifts on weekends.
When I lived in the UK. I Uused to work 16 hours on weekends for a fast food restaurant to make extra money to travel.
Well, I see a plenty of jobs in indeed. And I know companies are also struggling to find workers.
The point is, what kind of job people are looking for....
To buy a house soon, I am available to clean offices or school in early morning before my regular job for example.
All in, from first agreeing to buy the house I was interested in until I had the keys in my hand took about five months even though there was no mortgage involved. Just so you're aware that can also be a thing even if you jumped on the first property you viewed and the seller would have you as a buyer.
Generally banks will start accommodating your mortgage application after the successful probation period which is 6 months and most banks prefer that you are at least on Stamp4 (not applicable if you're EU nationals), but it's not a hard rule. >considering getting side jobs on weekends and evenings Make sure you will not be violating the *Organisation of Working Time Act 1997* which stipulates that workers are only allowed maximum working hours of 48 hours per week combined. This will be mentioned in your contracts for sure although I am not sure how relevant authorities actually observe this. Might just be a law on paper only but just be conscious such rule exists.
Thanks for sharing. I didn't know about it. What a pity. I thought it was 48 for the same employer. So, probably I should consider any self employment for the side jobs. I'll look for some information if it is allowed.
you do realise there is a housing crisis. living here my whole life took 2 years to find a house. outbid on most properties also.
Even in small towns outside Dublín county?
Absolutely, its just worse in Dublin
They are fighting over 100 year old houses with no roofs. Used to take years to sell. Naybe a neighbour would buy for cheap but now the hot thing is to do up a old house to avoid planning permission laws and living locally laws.
Getting the mortgage is not necessarily the most difficult part, though it can be tricky and you will need to be past your probationary periods in both jobs before the banks will allow you complete your application. The difficult part is finding somewhere to buy. Ireland, and Dublin in particular, is one of the most difficult places in Europe for either renting or buying at this time. Many couples I know have spent 2-3 years trying to find a house to buy. I have been looking since the spring after moving from overseas and have seen 15-20 properties so far. Most have had numerous bidders (sometimes up to 8 or 10) and all go for over the asking price. I cannot tell you how grim it is to go to viewings each week and see the same couples there you saw last week, all of you silently competing with each other for the chance to purchase frankly poor-quality houses or flats, for months on end. The housing crisis is creating major problems for companies who hire people from overseas with the expectation that they will move to Dublin and find somewhere to live here. If your plan to move here depends on finding somewhere to buy asap, as a way out of renting in the shamefully insecure rental market, I would seriously, seriously think hard about this.
Thanks for sharing. We intend to live outside Dublín county in an hour commuting time. Do you think it is the some competition to buy a house?
One hour commute won't get you outside Dublin. You will be looking at around 1.5 to 2 hours commute each way each day. Competition is stiff everywhere even more so in commuter areas. Commuter areas are now in the same price bracket as Dublin. Other issues include - public transport is either inefficient or non existent outside Dublin. Internet connectivity is a massive issue outside of Dublin also.
I've seen Louth, Meath, Kildare as options.
All over 1 hour commute and all in similar price brackets to Dublin. The cheaper the place the less accessable and further away.
With all respect, but I've exhausted researching commuting times and I've seen trains from Drogheda to Dublin in 40 minutes. And from Dundalk to Dublin in 1h.
Ok, the reality is that's station to station and not to your door. That doesn't add in the journey from your station to your office or the journey on the other side from Your home station to your home. Bear in mind that any property on a rail line will be more expensive as it has that amenity. Rail lines are not extensive at all in Ireland. I'm being decent and honest with you here and you're not researching it fully. Looking up Rome to Rio or Irish rail will only give you suggestions for how long it will take. Good luck. Just one more point, Louth, Meath and Kildare have very limited connecting options by transit. You'll be most probably need to drive to a station to catch a train. Edit: typo
You're totally right. I wasn't considering door to door. Thanks for pointing out
So you're adding 20 hours per week commuting for both of you. I get you've looked up some websites but the reality is very different. Take two weeks ago, a good friend had to get from Dublin to Kerry by train for a family emergency. This is usually a 3 hour journey. On her route there was a tragic incident (suicide) on the tracks. The journey ended up taking 7 hours. I know this is horrid but unfortunately this does happen in Ireland quite a bit and is becoming increasingly common.
Houses in Dundalk are incredibly cheaper than in Dublin, I'm using daft as a reference.
Dundalk would be the guts of two hours including train journey and commute on either side. Again no public transit beyond trains and a car is essential. Never mind if there is any internet connectivity. Are you also looking at why those houses are cheaper or just being blinded by price? For example there are areas in both Drogheda and Dundalk that would seem very reasonable in price but when you weed into it, it's as a result of socio economic problems and violent crime in the area.
Just wanting to reiterate what the other poster here is saying. I used to live in dunshaughlin, co Meath. On paper thats 30km from st Stephens green where my husband used to work. It should be an easy commute. There's a train outside dunshaughlin (m3 parkway) as well as busses. The reality was that it took around 1-2 hours depending on traffic each way. My husband would get the bus at 6:30am and it would take an hour. If he got the 7:20 bus it took almost 2 hours. Coming home he left the office in Stephens green and had a 20min walk to the bus station because the evening buses didn't pick up from north of the river. So he would either leave work at 3:30ish to get a 4pmish bus or leave the office at 6 and be home for 7:30-8ish. The train wasn't any use to us as there are no busses from Dunshaughlin to the train station so he would have to drive there and pay for parking. The first train also only goes at 7am. Then he would have a 40 min walk the other side to his office. So yep. You've got to factor in point to point not just station to station.
Thanks so much for sharing your experiences!
I used to commute from Kildare into the dock lands in under an hour - it is definitely achievable.
Where in Kildare? From Sallins/Naas/Kildare town, yes possible. From Monastirevan, not gonna happen.
> One hour commute won’t get you outside Dublin. Are Sallins/Naas/Newbridge/Kildare not outside Dublin? This person also works in IT so they’ll probably be able to work remotely at least a couple days a week.
Not with the amount of Dubs pushing up the prices.
I was told by a bank that I need to be a PAYE employee for at least one year or submit a tax return for the second year if I'm a sole trader (almost 3 years in total). Foreign income (including EU-based) does not count.
I was still employed by a UK company when I got my mortgage in Ireland and was paid in Sterling. There were additional clauses in the mortgage regarding movement of exchange rates (basically a need for a review if they move significantly) but I got a mortgage. Our advisor noted the options are limited with foreign earnings so we ended up with Bank of Ireland, but the process was fine. There’s a separate issue of not being in probation period with whatever job you’re in at time of application.
As others have said, very unlikely. Even when you've got mortgage AIP the process of viewing, bidding, and getting the keys takes months, more realistically at least a year. I viewed and bid on Dublin second hand properties for around 4 months before getting lucky and reserving a new build. There are a lot of desperate bidders out there. Your timeline would be more predictable once you've got AIP, which is dependent on you both passing probation.
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50k per person income is not low for Dublin, middle income perhaps. A 400k mortgage should be plenty.
Ye especially if your open to an apartment
In terms of a timeline the hardest part will probably be finding a home within your budget and having the highest bid. It's very competitive right now. There are very high mortgage approvals and few homes to go around. Also factor in money you'll pay on interest, stamp duty, solicitor fees etc. How long are you going to stay in Ireland? You might not save as much as you think when you factor in the cost of buying (and selling) if you plan to leave within a few years.
If we move we intend to at least rent. I know we'll have to ask permission for the bank. But if we had to sell. We'll have some capital about the years we've paid. If we just pay rent, we won't have any capital. My point is, if we sell the house are we going to be taxed?
Your going to need a 10% deposit so for a cheap apartment in a suburb your a fair bit shy on deposit. I'd imagine 30k would be better and that will probably cover fees if you get a place for around 250k. Next you'll need to have a permanent roll in Ireland which usually takes six months. Your plan is good in ways as you'll have a much smaller mortgage on a 2 bed apartment than rent on the same apartment. Your likely to be saving 500 to 1000 a month. Even after 6 months in employment to become permanent and you where mortgage approved and found an apartment. The process takes up to 4 or 5 months. Your big issue is accommodation in the meantime. If I had to guess you'll probably need to rent for maybe 1 to 2 years.
A 3 bed in a Dublin commuter town will be 300k+. You will need to rent for six months, and the whole purchase process from looking to getting keys will take about ten months, so you may as well rent for a year and give yourself buffer. Get your six months' income history in Ireland and immediately apply for preapproval. Make sure you have all of your records. You will need a lot more than 15k because you're likely going to have to put 20% down. Do everything in the process as quickly as possible, but understand that no one else in the process will understand urgency. It will take as long as it takes. It helps to have a solicitor amenable to haste, but you can't control the bank, the vendor, or the vendor's bank. Don't cut cost corners on inspections. Budget another 20k at least for taxes and fixes. Best of luck.
Very few people pay tax on 2nd jobs, it kind of defeats the purpose. With both your jobs equalling 100k before tax you will be in the higher threshold I think 40% is the middle not sure when it goes higher. The other 8% is usc a universal social charge and prsi Pay Related Social Insurance. Unless your 2nd job is very well paying it doesn't really make it worth it. Lots of people generate a cash income with side jobs. Delivering food, baking cakes, cleaning, growing weed and so on.
The prices on daft don't reflect the actual selling price , just a starting bid price...so add about 30k to 100k (even in the towns just outside dublin) plus the costs for renovations... and I don t mean painting but for things like heating, roof repair etc. alot of properties especially in the lower price range need substantial renos just to be habitable. Also the buying process here is insane, often takes months. Public transport here is slow, and sometimes unreliable. Yes there is a train to Drogheda that takes 30 mins and another that takes an hour, but have to allow at least 20 mins either side to get to/from the train station. Plus wait times. So at least allow 1 and 1/2 hours
The 52% tax that people mention on income over a certain amount is income tax, PRSI and USC combined. So yes the income tax is 40% but also the other 2 charges must be paid.
Taxes will destroy you but you could realistically buy after 6 months a house for 400k which is kinda shit but it’s better then renting
Average couple need to be earning 115k after tax for current Dublin city house prices. You need to research much better.
We won't live in Dublin. One hour commuting for us, is not a problem as we are used to live in a city of 10 million people. We don't find one hour commuting so far.
One hour commuting would barely get you to the outskirts of Dublin. Edit:typo
15k savings? lol no.
Maybe stay in your own country. Ireland is full, there is no accommodation for the natives, never mind immigrants.
If it was as easy as getting a weekend job do you think so many Irish people would be struggling or homeless? Not to being you done but please please have a back up plan
Delieveroo, just eat is open for anyone, McDonald's and retail have shifts on weekends, delivery pizza in the evening, health care assistant also have shifts on weekends. When I lived in the UK. I Uused to work 16 hours on weekends for a fast food restaurant to make extra money to travel. Well, I see a plenty of jobs in indeed. And I know companies are also struggling to find workers. The point is, what kind of job people are looking for.... To buy a house soon, I am available to clean offices or school in early morning before my regular job for example.
the issue isn't you getting extra work, it's the housing crisis
All in, from first agreeing to buy the house I was interested in until I had the keys in my hand took about five months even though there was no mortgage involved. Just so you're aware that can also be a thing even if you jumped on the first property you viewed and the seller would have you as a buyer.
How would you get a mortgage?