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
Mortgage rule changes leading to easing of mortgage lending limits will mark the start of 2023. The Irish Central Bank announced that mortgage borrowing limits were to be eased with the effects coming into practice in January 2023. It was something that is welcome on the backdrop of wages not
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
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
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
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
A year of lenders rising their rates and a lack of housing available to purchase. It’s been a tough one. The 2023 housing market predictions better be pleasant, we hear you say. What is in store for the new year? Will there be an increase in supply? Will there be
Warning: If you do not keep up your repayments, you may lose your home. You may have to pay charges if you pay off a fixed-rate loan early. The cost of your monthly repayments may increase. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future. IPS Financial Advice Limited t/a Mortgage123 is regulated by the Central Bank of Ireland. © Mortgage123 Privacy Policy
