Mortgages & Money

Mortgages & Money
Things to avoid when looking for a mortgage

Things to avoid when looking for a mortgage

Things to avoid when looking for a mortgage

We have all become more careful with cash in recent months and this should also extend to your choice of mortgage products.

  • Don’t take the first mortgage you are offered for fear that you won’t get offered another one.
  • Don’t accept everything that your lender says as gospel. Ask questions and get a second opinion.
  • Don’t get sucked in by …
Mortgages & Money
Mortgage Exit Fees: Up and Out

Mortgage Exit Fees: Up and Out

Exit Fees

Over the past few months banks and lending institutions have increased mortgage exit fees in an effort to avert remortgaging.

Anyone on a fixed mortgage rate will be aware of the benefits of switching to a variable rate mortgage right now. Those on a fixed rate have not benefited from the recent falls in interest rates led by the lower rates of the European Central …

Mortgages & Money
How much is your property really worth?

How much is your property really worth?

Castle

In recent years we have all become a little too obsessed with the value (in euro and cents) of our homes. But now, less and less people are bragging about the value of their homes for obvious reasons. So what is your property actually worth now? Apart from the old rule of economics, that something is only worth what someone is willing to pay for …

Mortgages & Money
Mortgage Refusal: They just won’t lend me the cash.

Mortgage Refusal: They just won’t lend me the cash.

Mortgage Refusal

You have shopped around all the financial institutions and building societies. You have contacted a number of brokers. None of them will give you a mortgage. How can this happen? Refused a mortgage? There are usually a number of reasons that combine to result in mortgage refusal. The bank or building society can simply refuse to lend you the cash and is under no …

Mortgages & Money
Equity Release Schemes – Cash in on your home.

Equity Release Schemes – Cash in on your home.

Retirement Fund

If you are over 60, own your own home and are looking to free up some cash, then an Equity Release Scheme is an option for you. You might want to enjoy your retirement, go on the holiday of a lifetime or simply supplement your pension. With equity release schemes you can turn some of the value of your mortgage in to hard cash.

These …

Mortgages & Money
How much can I borrow?

How much can I borrow?

How much can you borrow?

A year or two ago it was a case of how much are the banks willing to lend me.

The days of borrowing five and six times your income are well and truly over. This was one of the main contributors to the over priced houses that we have experienced in Ireland over the past few years. While the banks are much more …

Mortgages & Money
Going for Broker? What does a mortgage broker do?

Going for Broker? What does a mortgage broker do?

Broker

When you are looking for the best available mortgage to match your finances, there are a few options available to you. Firstly, you can contact the financial institutions directly, discuss your finances and see which will offer the best deal. (By the best deal, I don’t mean the most money. Rather the most suitable deal that matches your financial situation). Alternatively, you could use a …

Mortgages & Money
Property Deeds: Where are they?

Property Deeds: Where are they?

Property Deeds

When you buy a property, the deeds are processed in the registry of deeds and then returned to the financial institution that supplies the mortgage.

Essentially, you don’t own the house until the mortgage has been paid in full so the lending institution holds on to the deeds until your mortgage has been completely paid off. So when you say, “I own a house”, in …

Mortgages & Money
Deadline date set for €200 Property Tax payment

Deadline date set for €200 Property Tax payment

Property Tax

The €200 property tax that applies to all owners of a second home was passed as part of The Local Government (Charges) Bill 2009 in the Seanad yesterday.

On July 1st the bill was introduced to the Seanad and was expected to be passed by the end of the month. At that time there was no definite date as to when owners would be expected …

Mortgages & Money
Trouble with mortgage repayments? Why not rent a room?

Trouble with mortgage repayments? Why not rent a room?

Rent a Room Scheme

As more and more people are finding it hard to meet mortgage repayments, there are a number of options available to help ease the financial strain. Even though repayment amounts have dropped for many, most of us have experienced a greater corresponding drop in income with many now on shorter working weeks, experiencing pay-cuts and in the worse case scenario unemployment. So …

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