With the recent announcement of PTSB dropping their 4 years fixed rate and announcing low 3 years fixed rate, things sure look like the decline of mortgage interest rates is about to start. You could save yourself a could of euros a month in mortgage repayment by switching to another lender with lower rates.
Contact us today to see which rates you could get and how much you could save.
Building your dream home may seem like a nightmare from finding a plot of land to build, getting the planning permission and finding the builders all before you start building.
However, one thing that would be made easy is getting the mortgage to build the house. We at Irish mortgage Brokers are experts in self-build mortgages and would make the mortgage process easy for you from the first initial drawdown to the final drawdown.
There are also government schemes that can help you with financing the build such as the help to buy and first home scheme.
You can’t find your dream home, why not build one? Contact us today- Timileyin Arimoro on 016583040 or ta(at)mortgagebrokers.ie.
At some point in your life, you may wish to ditch the rental market and buy a home. Buying a house can be a wonderful and exciting time. But it can also be a complex and confusing process if you are not fully informed on the processes involved in buying a house. There are basically 5 steps to the process of buying a property in Ireland.
So, here’s a quick summary of the steps;
Financial Stage House search House viewings Putting down an offer Closing the purchase.
Financial Stage
This is the most important step when it comes to buying a property in Ireland. There are two ways to buying a property, you can either buy it outrightly with cash or purchase through a mortgage. A mortgage simply put is a type of loan used to buy a property. The amount you have as cash and the amount you can get from the mortgage lender can help you set a budget on the value of property, type of property and location you can buy in.
If you are …
A visa is a paper document attached to a page of the holder’s passport, that serves as a form of pre-entry clearance which allows the holder to travel to the country that issued the visa. Most visas to Ireland are valid for 90 days, if you wish to stay for more than 90 days, you would have to apply to Immigration Service Delivery (ISD) for permission. You would need this permission if you are from a country outside of the EU and Switzerland. You will need this permission to work, study, live, join family or get a mortgage in Ireland as a citizen of a non-EU country.
There are about 12 visa stamps in Ireland which you can apply for, however, not all these stamps are eligible for a mortgage. Out of these 12 visa stamps, only 6 visa stamps are eligible for a mortgage.
– Stamp 1: This gives you the permission to work or operate a business in Ireland, subject to certain conditions. The conditions and privileges attached to Stamp 1 depend on various factors, including the individual’s …
In an inflated economy, saving up for a deposit can seem like the most difficult part of buying a home especially when most of your net income is going into paying rent and your monthly bills. While having a large deposit gives you the best chance of getting a good mortgage deal with a low interest rate and a bigger house, there are options available for people with lower deposits and government help to get you on the housing ladder.
The average first-time buyer puts down a 10% deposit on their first home, which could mean finding a daunting €30,000 (on a €300,000 property) or more. However, there are also a few government schemes to help first time buyers get on the property ladder. These include the Help to Buy & First home Shared equity scheme.
Although the Help to buy scheme only applies to new build properties, with the purchase price of less than €500,000 and has a maximum amount of €30,000 that you can claim (please see more information about the scheme on the Citizens information website or …