First time buyer fees
Our standard advisory fee is €499. Our discounted fee for first time buyers is €299.
If you do not currently qualify for a mortgage we will advise you of same at no cost. If you do not qualify we will advise you what you need to do in order to qualify at some time in the future,
Positive initial assessmnet
Following a positive initial assessment we will advise you exactly what information is required and we will make arrangements to meet up with you.
1. We will analyse all original documentation seeking explanations for queries that are likely to be raised by underwriters. Each lender operates differently and we need to ensure that correct explanations are available to deal with any queries raised
2. We will discuss with you the various lenders operating in the Irish market, their history in regard to service and rates and we will consider their commitment to the market. This in turn will influence your decision in choosing a lender.
3. We will advice you on the best current interest rate offers from lenders.
4. We will carefully discuss affordability and the impact of rising interest rates on net disposable income.
5. We will consider the impact of changing circumstances in the future on your ability to meet your mortgage commitments
6. We will advise you on life insurance, income protection and other products which you should consider when entering into a long term commitment.
Preparation and submission of application
1. Your consultant will then prepare a Mortgage recommendation paper and present this together with a completed file to our administration department.
2. Administration will review the file for compliance and will forward the application to chosen lender/lenders
3. Administration will deal with any lenders queries from lenders and will contact you, if necessary, to provide further infromation or explanations.
4. When mortgage approval issues we will advise you of the terms of this approval and deal with any further requirements that need to be attended to prior to loan offer.
5. If you are refinancing we will arrange a valuation of your property.
6. If you are buying we will liaise with you until you have found your new home. If will sometins be necessary to provide up to date information to keep your approval current. Lenders approval in principle periods vary and is typically valid fro three months.
7.Please note that during the period from approval to draw down, lenders quite often change their rates and policies. We monitor these changes and keep you informed of such developments. In some instances it may be necessary to start the whole process again wto organise approval with another lender
8. When you have secured a home we will instruct a valuation. Your consultant will contact you to review the latest rates and terms on offer after which we will ask the lender to issue a formal offer letter
Closing
1. Administration reviews the offer letter to ensure terms are in accordance with instructions and advise you of any special conditions or other requirements that need to be attended to in order to close.
Your consultant will contact you again to finalize any life insurance, home insurance or other protection issues that need to be attended