Applying for your mortgage online with mortgages.ie
- Calculate the mortgage amount you require remembering to budget for any stamp duty and fees.
- Make an online mortgage application with Mortgage Company of Ireland.
Talking to our consultant about your mortgage application
- Mortgage Company of Ireland will receive your application and contact you to get more information and set up a meeting.
- In preparation for this meeting we will ask you to assemble certain information
- At the consultation our Mortgage professional will outline the various mortgage options available within the Irish mortgage market recommending the best to suit your individual circumstances. We will of course also deal with any queries you may have.
- If you require a bridging loan, (money to cover the cost of the new house before you have released the equity of the house you are selling), or deposit, be sure to tell your mortgage consultant and we will make the necessary arrangements.
- Following our meeting we will present your application to the chosen lenders in order to obtain formal mortgage approval.
- Mortgage approval (assuming we have all the documentation) usually takes about 2 to 3 days.
- Generally a formal loan offer will only issue when your new house has been identified and valued.
- Contact a selection of estate agents with good reputations.
- Ensure your chosen estate agent advertises on the Internet to reach the widest audience.
- Negotiate a fee with the estate agent - a fixed selling fee, (or an agreed percentage of selling price), can be agreed. Be aware that this may not include outlays (advertising, brochure printing and sign.) Get a complete fee breakdown before agreeing the sale.
- Agree a selling price with the estate agent.
It is our considered opinion that your mortgage advisor should be completely independent to your estate agent.
Selling your home
- The estate agent will begin preparing for the sale by printing brochures (you may want to proof read the text for this),
- Pictures of the house will be taken so stage your house to ensure your house appeals to the widest range of buyers.
- Unfortunately when selling your house it must be kept in show house condition as viewing may come at short notice.
- Your estate agent will receive any offers on your home and try to get the best deal possible.
- Hang on for your price, the estate agent commission levels will not change much with a couple of thousand Euro although this will make a difference for you.
Buying your new home
- When buying your new home have a look in your selected areas for a property you may wish to purchase, you can ask all the local estate agents to put you on their property mailing list which are normally distributed monthly. Here is a helpful viewing checklist you may wish to help you.
- Keep in constant contact with the local Estate agents to ensure they will think of you should an appropriate property come on the market or if a sale falls through.
- Estate agents websites' are a good up-to-date source for homes in your chosen area. A very popular nationwide site is www.myhome.ie
- Select a solicitor - fees may vary, but currently solicitors will pre-quote a fixed fee. Be aware that solicitor fees do not include VAT and additional outlay which may vary greatly. Outlay may include law searches, land registry fees, couriers, stamp duty etc.
- Mortgage Company of Ireland have special arangements with a number of solicitors offering competitive legal fees. Please check our services/partnership area.
Sale Agreed on your home
- Once the sale has been agreed your solicitor will receive a copy of the deposit confirmation and will draw up a contract - contracts are normally signed 4 weeks after a booking deposit has been received.
- Contracts will be signed and 10% of the purchase price minus the amount paid for the booking deposit will be paid to your solicitor.
- Prepare for your move with this list of people to contact, ensuring your move is smooth.
You need to carefully consider your circumstances before signing a contract for the sale of your house. Have you found your new house yet and have you signed a contract. What is the closing date? Does it suit you?Read more
Here is a helpful countdown to moving:
- On the closing day ensure that the house is empty, clean and ready for the new occupier
- Your solicitor will receive the balance of the amount due - 90% of the agreed price. The keys will be handed over and your house will be sold.
- It is time to move into your new house, the timing of this can be stressful, to ease the move it is best to organise professional movers. You can start packing and labeling boxes in advance leaving only the minimum for the moving date.
- Keep out your survival pack
- If you have children arrange for someone to mind them, this is not a job that can be controlled without your full attention. Although not essential it is normal to thoroughly clean your house before leaving.