Guest Blog Post by Darach Honan, QFA, Director of Honan Financial Services  Hey there, homeowners-to-be! Picture this: you’ve found your dream home, signed the dotted line, and are now living the good life in your cozy abode. But wait, have you ever thought about what would happen if life threw you a curveball. Like […] The post Income Protection Insurance: your mortgage’s best friend appeared first on Mortgage123 ..read more

Getting a mortgage when you are self-employed in Ireland can sometimes be more challenging than for PAYE workers. Self-employed mortgage applications can take longer to process for the self-employed. So, be patient and be prepared to provide additional documentation when requested. Who is classed as self-employed? If you have PAYE employment, plus freelancing – you […] The post Self-Employed Mortgage Applications Ireland (Top Tips) appeared first on Mortgage123 ..read more

In the Irish mortgage market, an Approval in Principle (AIP),  is a preliminary assessment indicating the amount they may be willing to lend to a potential homebuyer. This is particularly important for first-time homebuyers as it helps them understand their borrowing capacity and strengthens their position when making an offer on a property. There could […] The post Mortgage AIP Approval in Principle (the 3 different types explained) appeared first on Mortgage123 ..read more

2023 has been a turbulent year in terms of housing. Will Budget 2024 include effective measures to improve the housing situation in Ireland? The budget 2024 package is €6.4 billion. Additional public spending €5.2 billion, and taxation measures €1.1 billion. Will there be changes to government grants and more aid for first time buyers? In […] The post Budget 2024 Predictions (Focus on Housing) appeared first on Mortgage123 ..read more

Timber Framed Houses The Scandinavian Homes product is a timber frame passive house which is constructed off site and then delivered & assembled over 1 week on a traditional concrete raft. The internal finishes are then completed separately once the frame is up & roof on (similar to traditional build units). The houses are made […] The post Timber Framed Houses (Getting a Mortgage) appeared first on Mortgage123 ..read more

Last Updated May 30, 2023 Great news for the Irish mortgage market this week! Avant Money became the first lender to cut its mortgage rates in 2023 and is now letting borrowers fix for life. Lock into a fixed rate mortgage today! Whilst Avant is increasing some of its shorter-term fixed rates, it is reducing […] The post Lock into a Fixed Rate Mortgage appeared first on Mortgage123 ..read more

Credit Union mortgages have attracted media attention since October 2018 when the Central Bank commenced a public consultation for review of the Credit Union lending regulations. This is with a view of increasing the value of loans available to mortgage lending by credit unions. The proposed changes may increase credit unions capacity for home lending […] The post Credit Union Mortgages: Where’s the Catch? appeared first on Mortgage123 ..read more

So, you are thinking of building your own house in Ireland. It may seem overwhelming and confusing to know how and where to begin the process. Unlike a standard mortgage, self-build mortgages are draw down in stage payments. These payments are spread over up to 18 months depending on the length of the build period. […] The post Self Build Mortgages Ireland appeared first on Mortgage123 ..read more

The derelict house grant or the Vacant Property Refurbishment Grant was launched on 14 July 2022. We are getting enquiries for mortgages to purchase such properties. However, securing a mortgage for the purchase of a derelict/vacant building may not be straightforward. Furthermore, you have to be clear how the Grant works exactly and what is […] The post Derelict House Grant, Can It Work for You? appeared first on Mortgage123 ..read more

2022 was a testing year for many first time buyers looking to purchase a home in Ireland. Property prices were already at an all time high as a result of the high energy prices, Ukraine war and rising inflation and interest rates. However, there is some positive news. Q4 in 2022 saw asking price reductions […] The post Property Prices Ireland appeared first on Mortgage123 ..read more