How to get a mortgage ireland
Irish Mortgages, Mortgages in Ireland.
A service from www.MortgageShop.com the online mortgage information and application processing system.
Obtaining a Irish Mortgage or Remortgage for territories of Ireland need not be a stressful experience, although in many instances it can be - without the correct advice. At www.MortgageShop.com we deal with all Irish Banks, all of them with different rates and criteria. Loan-to-value percentages, range from 50% to 100% dependent on the bank and whether you are a resident or non resident. The most popular funding we offer for non residents is up to 85% of the Irish property purchase price, which we find is rare with Mortgages in Ireland. Residents can often borrow higher amounts. Mortgage Rates in Ireland
Sourcing Irish Mortgages
Some Irish banks we find will only deal with residents of Ireland, some with only non-residents and some offer the mortgage to both groups through a different percent LTV (loan to valuation of the property in Ireland) and interest rate. The APR can start as low as 2.90% rising to a staggering 5% in some extreme cases, dependant on circumstances.
Proof of income is often a stumbling block for mortgagees this is due to the fact that if in the case of you being paid in cash or if your accountant has worked wonders to mitigate your tax liability, how can you prove to a bank that you can afford the repayments? This is just one common area where our advice proves invaluable. Some lenders wont let you rent out your new property in Ireland which is often essential to produce much needed additional income to help fund your new Irish holiday home or future retirement home in Ireland. We have no problem at all arranging Irish buy to let properties for temporary or permanent investment arrangements in Ireland up to
85% of the value of the property for residents and non residents of Ireland. Irish Mortgage Rates
European Mortgages .com is a marketing scheme from www.MortgageShop.com one of the first UK mortgage brokers to trade on the internet, to read about our history click here. We pride ourselves in offering rare to find adverse credit mortgages in Ireland where debts and poor credit ratings are not always taken into account. These types of mortgage are not offered by the banks to High St customers and are only available to professional mortgage brokers in Ireland. If you have read enough and are ready to make an application with us simply You can even start applying for mortgages in Ireland right here off this page.
Which Nationalities can Apply for a Irish Mortgage or Loan
We can work with people of all nationalities and are happy to provide a service all in writing via our internet systems, this makes updates and queries much easier to handle and digest. Mortgages for Ireland
How much Mortgage
This is another area where the banks differ widely in their criteria. If it is a straight forward residential property purchase then most banks will make an offer, this is however often only 50% of the property purchase price or less, we offer upto 85% for non residents This lower amount makes life very difficult for people buying mortgages in Ireland as often the difference between the actual purchase price and the declared purchase price is huge. We have seen this problem on many occasions and our lenders offer us superb flexible arrangements to get around this problem in most cases.
Purpose of Loans
Irish Mortgages can be found for all of the following circumstances (although no one lender will offer them all).
Urban Property in irelandSource: europeanmortgages.com