Mortgages.

As you know, a home is probably the most expensive thing you will ever buy.

But it’s so confusing with all these offers……

  • 2% Cashback
  • Discounted Rate
  • €1500 legal fee contribution
  • Variable Rates
  • Fixed Rates
  • €2000 switcher contribution
  • 0.20% discount for life
  • Free House Insurance
  • What’s best for me

Let us make sense of them for you and help you to choose what the best option for you is.

First Time Buyers:

Let us help you through the latest Central Bank Rules – Loan to Income – Loan to Value etc.

How much you qualify for – how the buying process works – dealing with estate agents – documentation required – Approval in Principal – full application process – valuations – dealing with solicitors and so much more !

We will also advice you on your mortgage protection\life assurance requirements & options. Don’t worry – from placing a deposit to getting your keys we are with you all the way.

Have you found about the new Help to Buy Initiative.

Do you qualify ? How much can you get ? What do you have to do ?

Here is a handy guide but feel free to contact us to discuss this further:

Help to Buy Initiative FAQs

Home Movers:

The burning question tends to be “Should we sell our existing property and move or keep it and move?”

This will depend on a number of factors – value of existing property – debt & rate on existing property – potential rental of existing property – incomes – savings – price of new property to name just a few. Banks differ greatly on how they perceive existing properties.

Let us work out all of the options for you.

Switchers:

The one question tends to be “is it really worth it?” Especially with legal fees to be paid – bank valuations and all of that paperwork involved?? In reality – the larger your mortgage – the larger the savings plus some banks will contribute towards your fees.

Why not contact us and let us do the maths for you – if it makes sense then let us help you with the switch – if not, you have wasted perhaps 10 minutes of your time.

Did you know Central Bank of Ireland research found one in five consumers who have a mortgage could save by switching?

Self-Build Mortgages:

These type of mortgages tend to be much more complicated than other types of mortgages – some banks don’t even offer them.

The mortgage will be drawn in stage payments and banks want you to ensure you have circa 20% on top of the normal savings requirement for “over-runs”. If you own a site then it could be possible to borrow 100% of the build cost. If you need to borrow to buy the site also then the mortgage amount for building costs would reduce.

Self-build mortgages are however becoming popular again – each case is different – contact us for advice.

Investment Mortgages:

Banks are lending for investors to purchase investment properties. The availability of finance will depend greatly on the location of the proposed property.

The maximum one could borrow is 70% of the purchase price.

If you already have a portfolio of investment mortgages and want to look at the option to avail of a potential 10 year interest only period please contact us.

Useful Guides:

Click on the following link to view a useful guide:

http://www.havenmortgages.ie/images/PDFs/Hunters-Guide.pdf