waider: (Default)
waider ([personal profile] waider) wrote2007-01-16 01:33 pm
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this doesn't add up.

Possibly available in my area soon: "affordable" two-bedroom apartments. The thing is, the reduced price for these will be €300,000; the scheme is only open to people earning up to €55,000 (or €75,000 for couples) but according to the last article I read on the topic (and my out-of-date understanding of the Central Bank's guidelines to lenders), you need to be earning about €75,000 to €100,000 to get a €300,000 mortgage in the first place.

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