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We’re looking to buy a place in #Ireland (because renting here is nigh on impossible these days) so I approached a mortgage broker and they just got back to me with this gem:
“Bank of Ireland will not consider your mortgage application because you run a not-for-profit.”
How bloody lovely.
Congratulations on creating a system that rewards the worst of the worst and fucks over those striving to work for the common good. I, for one, won’t be shedding a tear should it burn to the ground.
@aral Although if my situation last time was anything to go by, the UK is no better. Tossed out my US earnings, because it was “overseas work”. Then dumped all my UK freelance because it was “not guaranteed income”.
I hope you have more luck.
@craiggrannell And to think, the fuckers literally create money out of thin air the moment they approve your loan. The only one placing any “real” (existing) money down is you, with your deposit. I hope some folks are sharpening their guillotines as we speak.
@aral I found it quite something that the reasoning was I could lose my freelance income at any moment, apparently. Despite my five years of accounts. I noted anyone on PAYE could also lose their income at any moment, but that apparently is totally different, for reasons.
@craiggrannell Yeah, and the funny thing is we’re on PAYE at Small Technology Foundation but apparently that doesn’t even matter because “you own more than 30% of the company.” Umm, it’s limited by guarantee; I own 0% of “the company”… because no one “owns” “the company” – it’s a not for profit that has no shares.
“That’s not how they see it.”
Oh, well, that’s ok then.