Let’s discuss mortgage affordability and why the “4 times income” rule may not always apply. Central Bank of Ireland loan-to-income limits The Central Bank of Ireland introduced mortgage measures in 2015, revised in 2023, to ensure sustainable lending standards in the mortgage market. Read our Blog Mortgage Changes from January

A current 2024 trend in the Irish mortgage market are the so called ‘green rates’ for mortgages. Lenders are rewarding borrowers for purchasing homes with good energy rating, with green fixed rates over 1% lower than leading market rates. Furthermore, in April Bank of Ireland introduced the EcoSaver mortgage providing

  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

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

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

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

If you want the house of your dreams, then a self build mortgage may be right for you. You will be able to design your future space exactly as you envision! The self build process can take anywhere from one to two years depending on certain circumstances such as planning

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

Time and time again we hear that building more houses is the solution to the housing crisis. However, buying a site and building your own house do not have the reputation of an adventure for the fainthearted. Still, this can be achievable if you are familiar with the process and