The Irish mortgage market has been shaken up following the announcement that Núa Money will offer certain first-time buyers mortgages of up to five times their income/ salary. This is something not seen in Ireland since before the financial crash. For many buyers struggling with rising house prices, this could
If you’re starting your home-buying journey, one of the first questions you’ll face is: Should I go directly to a bank, or use a mortgage broker? Buying a home is exciting, but the mortgage process itself can be time-consuming and complex. In fact, it can take up to 60 hours
When you first take out a mortgage, you make a series of big decisions—fixed or variable rate, term length, lender, and repayment structure. At the time, those choices usually make perfect sense. But life doesn’t stand still—and neither do mortgage rates. What suited you a few years ago might not
Not everyone realises they may still qualify as a First-Time Buyer in Ireland — even if they owned a home before. Buying your first home is one of the biggest financial decisions you’ll ever make. But in Ireland, the definition of a First-Time Buyer (FTB) has evolved in recent years
Buying a house that needs renovations can be a smart way to get better value and create a home that suits your needs. However, funding those renovations is often where buyers run into uncertainty, particularly when mortgages are involved. In Ireland, there are a few different ways to pay for
What Is an Approval in Principle (AIP)? In the Irish mortgage market, an Approval in Principle (AIP) is a preliminary assessment from a lender that shows how much they may be willing to lend to a potential home buyer. For first-time buyers, it’s a vital first step — helping you
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