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

What is a First Time Buyer (FTB) – Definition? What is the First Time Buyer Definition? We are asked this question every day at Mortgage123. The answer is not as simple as you may think. In fact, the definition can vary between mortgage lenders, and also for the purposes of

You might be thinking mortgage broker or bank, what do I choose? Buying a house can be tough, but a mortgage broker can make things easier. For instance, did you know the mortgage process can take up to 60 hours? That’s a lot of work! And that’s why it’s a

Difficult Properties to Mortgage: Unusual Property Types Difficult properties to mortgage may cause a huge deal of disappointment at the mortgage offer stage. Did you know that there are certain property types that are difficult to get a mortgage for? As a first-time buyer, it can be tempting to want

A First Time Buyers’ Guide To Mortgages: Step By Step Welcome to the Mortgage123 First Time Buyers’ Guide to Mortgages. With the mountain of information floating around on first time buyers, it can be difficult to wrap your head around the subject. Find it confusing? That’s why we have have

The tracker mortgage scandal has been going on for nearly 12 years. It rekindled in 2019 with banks getting heavy penalties for overcharging customers. However, further cases are still being investigated. This is the scandal that just keeps giving – Permanent TSB recently admitted that another 200 customers were wrongly

What is repayment capacity? Put simply, repayment capacity is your ability to demonstrate that you can pay a mortgage. Lenders want to ensure that you, as a borrower, will be able to make your planned repayments. Repayment capacity is different to affordability which is calculated as income and outgoings. Both

Getting a mortgage with bad credit is possible, but it can be harder. Irish lenders are very unforgiving about adverse information on your credit file. Firstly, your credit file is a register of any credit you may have from credit cards, loans, and even monthly insurance on your car. If

Property Checklist created in partnership with Perfect Property Buying a home can be an exhilarating yet daunting experience. No property will be perfect on all fronts, so there are many considerations buyers should keep in mind when viewing a property for the first time. At Mortgage123, we understand that many