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Before you set your heart on
your dream home it is very important to do your homework on all the costs
involved in buying your first property.
You need to know exactly how much of a deposit will be required. What
solicitor fees you will have to pay including legal outlay and any lenders'
fees.
You may not have decided whether you would like to buy an old or new
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The outlay between the two can be very different and it is important to be
able to budget.
At Irish Mortgage Network we value our customers and ensure they are fully
aware of all the potential costs and outlay.
As most of the lending institutions have different ways of calculating how
much they are prepared to lend we will complete a detailed budget planner
with you. This will help indicate how much you will be able to borrow.
Because the Irish housing market has changed so much over the past few
years so too has the mortgage market. Irish Mortgage Network will give you
advice on such options as guarantors, loan terms, fixed variable rates and
rental income.
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If you are on the move you may be very
surprised by the advances in the Irish mortgage market since the last time
you arranged your mortgage.
The market has become much more competitive and as a result there are a
lot more options available to the consumer.
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In the last five years or so we have seen interest rates
halve and most property prices double. With greater disposable income and
increased equity from existing properties, Irish movers are finding
themselves with more bargaining power when negotiating a new mortgage. At
Irish Mortgage Network we can help you find the best lender and rate to
suit your needs.
Mortgages have become more flexible and it is now
possible to adjust your rate, term or even take repayment holidays with
certain lending institutions.
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If you are looking to build your own home,
there are a lot of factors to be taken into account. Irish Mortgage Network
will help you address these.
Lending institutions will require that you have full planning permission
on your site and will need to see plans from your architect along with a
full breakdown of the construction costs.
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The mortgage is normally broken down into "staged
payments" where funds are drawn down at certain times during the building
process, generally there are between three and five stages.
As a result you will only make monthly repayments on the balance you have
drawn down so far.
Obviously there is a lot more work involved in a self-build project but at
Irish Mortgage Network we are able to assist you throughout the whole
process.
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Purchasing a holiday home, whether in Ireland, Europe, or elsewhere in the
world, has become immensely popular. One only needs to look in the property
sections of the newspapers to see the amount of foreign developments being
marketed in Ireland.
If you are looking to buy a holiday home abroad there are a lot of factors
that you must take into account.
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You may have to deal with foreign builders, auctioneers,
banks and solicitors. You should also allow for language differences and
currency exchange rates.
Charges and costs can vary greatly from those in Ireland and you should be
fully aware of the purchasing process.
At Irish Mortgage Network we have assisted many of our clients in the
purchasing of holiday homes and foreign property and we feel our
experience can be of assistance to you.
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Irish Mortgage Network has also helped
clients living and working abroad to purchase property in Ireland. We offer
advice on properties, rental income, mortgages, life assurance and
solicitors.
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Click here
to fill out our online enquiry form and we will
contact you with all of your options that are available in the market today. |
