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
The Help to Buy (HTB) scheme was first introduced in Jan 2017 to help first-time buyers purchase or self-build a new house or apartment. The scheme was reviewed and enhanced in July 2020, providing further supports. Following the Finance Act 2021, the Help to Buy Scheme was extended in its
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
It can be confusing to know what housing schemes in Ireland are available or if you are eligible for them. It is important to do your research before you decide to purchase your dream home. You may discover you will receive cashback if you decide to purchase a vacant property
Summary of Key Points Shared Equity Scheme is only for new build properties and self builds Only for First Time Buyers and self builders Participants can borrow the maximum amount available to them from one of the Participating Lenders (up to 4 times their income) Up to 30% of the
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