At Quigley Financial Brokers we have multiple agencies with Ireland's leading lending institutions or whom we have access through our appointment with Brokers Ireland Network Services. As experienced Mortgage Brokers our aim is to broker the right deal for you with the panel of lenders we have access to, based on your personal circumstances and individual lender criteria. Dealing direct with a bank you are only offered their product and rates.
The maximum mortgage is generally 3.5 times your gross annual income and 80% of the property value (90% of the property value for First Time Buyers, 70% of the full property value for Buy to Let) but these limits may vary.
It is always important to pay close attention to how the lender's will view your mortgage application. I’m sure you have heard a lot recently about how it can be difficult to secure a mortgage but in our experience if you present the application as the lender wants it then you will have no difficulty securing the finance you want.
So take a look at a few simple items that the lenders will look at in assessing your application;
At Quigley Financial Brokers we will ensure your application is presented in the best possible manner to ensure you are successfully approved.
8 STEPS TO GETTING A MORTGAGE
1. Apply for your mortgage and get pre approved.
start your application now
2. Approval in principal.
This is a letter that the bank issues after assessing your application approving your loan with a list of outstanding conditions.
3. Choose a solicitor.
A solicitor is required for your letter of offer, the contract from the bank offering you the mortgage.
One of the banks conditions in the approval in principal letter is to have a valuation done with one of their valuers, listed on their panel in your area.
5. Letter of offer.
All the outstanding requirements in the approval in principal letter along with the valuation, solicitors details will be required to issue the letter of offer. This is your formal offer from the bank. Legal papers will now be issued to your solicitor. Your solicitor will go through these with you all being to your satisfaction he will get you to sign them.
6. Life and home insurance.
A condition of the loan offer is to have a mortgage protection (life) and building (home) insurance in place before the bank will issue the cheque to close the sale.
7. Exchange of contracts.
You have went through your letter of offer with your solicitor, the solicitors arranges all searches etc. on the property all being satisfactory the solicitor now liaises with the sellers solicitor, contracts are exchanged, the deposit approx.10% of the price is now paid.
8.Completion and keys.
The solicitor requests the loan cheque from the bank, closes the sale, requests keys, purchase complete.
Complete our online apply mortgage form, email to firstname.lastname@example.org for a complimentary initial review. Once reviewed by a mortgage broker, you will be contacted to discuss your mortgage needs.
Complimentary initial review.
WARNING: IF YOU DO NOT KEEP UP YOUR REPAYMENTS YOU MAY LOSE YOUR HOME. WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY. WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE. WARNING: THE ENTIRE AMOUNT THAT YOU HAVE BORROWED WILL STILL BE OUTSTANDING AT THE END OF THE INTEREST-ONLY PERIOD. WARNING: 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.