Mortgages
Each of our customers has their own individual requirements. For some it is their first step on the property ladder, some require the security of a fixed interest rate, while others are looking to free equity in their homes for a home extension or investment property.
Our professional mortgage advisors are here to help. We will answer your questions in plain English and recommend the most appropriate type of mortgage and lenders products for you.
The following are the mortgage products available through Mortgage Ireland the mortgage arm of Farrelly Financial;
- First Time Buyers (up to 100%)
- Self Builds
- Trading Up
- Remortgages, Equity Release & Switcher Mortgages
- Debt Consolidation
- Sub-Prime Mortgages- Poor credit history etc
- Affordable Housing Mortgages
- Residential Investments/But to Lets
- Commercial Loans
- Pension Backed Mortgages
Mortgage Ireland is an independent mortgage advisor offering expert and independent mortgage advice for anyone looking to buy a first home, an investment property, holiday home or to remortgage an existing property. We are here to assist you through the mortgage process step by step. With access to Ireland’s key lenders, our Mortgage professionals will help you find the best deal for your needs.
Frequently Asked Questions
How much can I borrow?
A completed application form would need to be presented to our pool of lenders in order to establish your exact borrowing potential, we can give you an idea based on your individual circumstances following a brief interview.
What are the key steps in the process after I submit the application form?
- Our aim is to get a decision in principle within 24/36 hours of submitting the completed application form.
- If decision in principle approves your application the lender normally looks for supporting documentation before formal Loan Offer is made. How long this takes largely depends on the information required and how promptly it is returned to the lenders.
- Loan Offer issues on satisfaction of conditions outlined in approval in principle, Loan Offer in turn stipulates requirements for Cheque Issue.
- For Cheque Issue - Signed Loan Offer, completion of legal work re title deeds etc, arrangement of mortgage securities i.e. Life Insurance (Mortgage Protection) & Home Insurance, Assignment of Life Policy form and Direct Debit Mandate completion. For self builds stage payments request supported by cost of construction breakdown and architects letter of supervision are required.
How can I pay back my mortgage?
There are two ways of repaying your mortgage:
- Repayment mortgage
A repayment mortgage is also known as a Capital & Interest mortgage - your monthly repayments pay off the interest and some of the capital borrowed each month. This is the only method that ensures your mortgage is totally paid off by the end of the term - so long as you keep up your payments. - Interest Only mortgages
This is where you only repay the interest on your mortgage each month, so you'll need some sort of investment plan to pay off the capital, e.g. a pension, an endowment policy, an ISA or other long term investment plan. When your investment matures, you cash in the plan and use it to pay off your mortgage loan. You are responsible for the repayment of the capital when the mortgage reaches the end of the term.
Where to next?
- Visit our dedicated mortgage website www.MortgageIreland.ie.
- Talk with a mortgage consultant Now on 046-9071818.
- APPLY for a quotation ONLINE at our mortgage website www.MortgageIreland.ie.
Ní bhíonn an duine críonna go dtéann an beart thart.
The person is not wise until the deed is done.
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