Mortgage Application Checklist
We've put together a quick guide on what you need when preparing for your mortgage applicationLearn more
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We're with you every step of the way in the mortgage process - from preparing your application to getting the keys.
Before you apply for your mortgage, it’s important to tidy up your finances. You should start saving a reasonable amount of your earnings every month. Also try to clear any loans you have, in particular your credit card bills and overdrafts. This will enable us to apply on your behalf for the maximum mortgage amount, under Central Bank rules.
Check out our Mortgage Application Checklist here.
If you're buying a newly built home, you can claim a tax refund of up to €20,000 with the Help to Buy (HTB) incentive.
Before you can claim this, you must file your Form 12 (if you are PAYE) or Form 11 (if you are self-assessed) for the most recent 4 tax years.
Applying is straight forward, see Revenue Online Services for more information.
Buying your first home can seem like a daunting process. Read our article 10 steps to buying your first home.
If you are planning to build your new home, either on a site you own or one you intend to purchase, then get in touch with us. We are the experts in Self Build Mortgages.
Lenders will be looking for 6 months of statements and it is during the 6 month period that you need to be displaying good conduct on all your accounts. Below are some tips on getting your financial records in order when applying for a mortgage.
To the best of your affordability, save a fixed regular amount into a designated savings account for the next 6 months, making no withdraws from that account, this will display your proven repayment ability to the banks and is vital.
On your current account, make sure you do not miss any direct debits or standing orders and do not get over drawn on the account.
If you have credit cards, try to clear the outstanding balance to the best of your affordability, ideally a “zero balance owing” is best.
You can continue to have loans while applying for a mortgage. It will impact your loan offer as the bank providing the mortgage has to take into account that you are going to be servicing the loan and the mortgage.
Warning: If you do not keep up your repayments you may lose your home.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.
Warning: The cost of your monthly repayments may increase.
Warning: The entire amount that you have borrowed will still be outstanding at the end of the interest-only period.