What do you need?

1. Be working for at least 1 year and if self-employed 2 years.

2. Be in a permanent job (banks will be lenient towards some professions i.e. IT contractors).

3. Deposit of 10% – to be made up of savings, gifts, the “help to buy” scheme etc.

4. Proven repayment capacity i.e. evidence from your bank accounts that you can repay the loan – this can be shown as rent, savings or a loan that will be cleared.

5. Clean financial history – no missed payments on previous loans.

6. Good bank statements – no referral fees, unpaid direct debits and no online gambling payments – the odd one can be explained so don’t let this put you off but highlight it with your broker.

Then what?

  • Once mortgage approved

  • Search for property

  • Bid on properties you like

  • If you are the highest bid and it is accepted you go “sale agreed”

  • Pay booking deposit (fully refundable) to Estate Agent

  • Get structural survey (not a bank requirement, but recommended)

  • Appoint solicitor

  • Contracts transferred between solicitors

  • Get bank valuation

  • Agree rate (and bank) and term with Broker

  • Loan offer and loan pack issues to solicitor

  • Put in place life policy (mortgage protection) and home insurance

  • Sign legal contracts

  • Pay remainder of funds

  • Get keys!

Contact Us

Too busy to bother?

Not interested in savings of €20,000+

Well then don’t switch your mortgage…

 

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(01) 8513090

 

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