Buying your first home is a huge decision, and the mortgage process may seem overwhelming.
We are here to help you every step of the way. Advising on what deposit you should have, what your likely to get in terms of borrowing and what the best rates on the market are.
As a First Time Buyer you will need a deposit of at least 10% of the house price.
Get into the habit of saving a regular amount to demonstrate your repayment ability
Understand how much you could borrow before you start your house search
Look at some properties to get an idea of the cost of the home that you want and the area you would like
Find out what documents you need and we can prepare you for your application.
Every year hundreds of thousands of people review their electricity supplier, their mobile phone supplier and their Satellite TV supplier
Why?… to get a better deal!
You can do the same with your Mortgage!
Ideally you should keep a regular eye out for better mortgage deals. New ones are coming on to the market all the time and if you’re not locked in to a fixed or discount rate deal with an early repayment charge, it could be worth your while changing lenders (remortgaging) at any time. Take advantage of our FREE mortgage review service and see if you are on the best rate or if you can get a better one! You could be making some real savings.
Got grand designs on some home improvements?
Want to put a little aside for a rainy day?
Maybe paying off some bills is what you’ve got in mind?
Call us today! 091 788000
Building your home is an exciting time. It’s your chance to build the home of your dreams.
We’ve been helping our customers to build their own homes for over 30 years. We know every step of the process, so if it’s something you have always wanted, our experienced mortgage consultants are here to help you. .
Whether you have a site with full planning permission or you have just started saving your deposit, we will take you through all you need to know.
A Self Build Mortgage is different to your standard mortgage in some ways. One of the differences between a self-build mortgage and a standard mortgage is stage payments. By releasing your funds in stages you only pay interest on what you’ve actually drawndown, not on the whole amount. Each stage must be certified by your assigned certifier and requested through your Solicitor.
As part of your build you’ll need to have appointed an Architect, Engineer or Surveyor. They will act as a ‘Construction Specialist’ and will be able to give you advice throughout your build.
Your HC Financial Mortgage Advisor is here to advise you on the full process and the steps you need to take along the way.
Call us today on: T 091788000
Here’s a list of the documentation you will need to bring along to your initial meeting
If you are an employee:
Signed and stamped salary certificate(60KB)
Your Employment Detail Summary (P60) and 2 of your last 3 payslips
Your personal bank account statements for the past 6 months
If you are self-employed:
Your most recent Audited / Certified Accounts (2 years)
Six months’ recent personal and 6 months’ business bank statements
Confirmation from your Accountant:
that your tax affairs are up to date;
of your current year earnings and;
that no significant changes have occurred in the business since the date of the last accounts.
If you are a Non Resident Buy–to-Let Mortgage Applicant
All applicants will be required to provide acceptable proof of compliance with the €75,000 minimum income requirement. Income may be verified with reference to one or more of the following:
Payslips (2 of most recent 3)
Statement of Taxes (Employment Detail Summary (P60) equivalent or Tax Balancing Statements)
Audited / Certified Accounts
6 months Bank Statements showing minimum 6 salary credits at the required level
If you are a Self-Build Mortgage Applicant
Evidence of your contribution, such as your savings or gift of funds or a site to build on (your mortgage consultant can provide information about what type of evidence you need to provide)
An Ordnance Survey Ireland or Property Registration Authority style site map – your construction specialist will be able to help you with this
In addition, to meet our regulatory requirements, we also need you to provide proof of name, proof of your address and proof of PPSN
We can accept an original of the following documents:
Your current national passport or
Your current valid Irish, UK or European drivers licence (with photo) or
Proof of address
You can use any of the following:
A utility bill (dated within the last 6 months)
A bank or building society statement issued in the last 6 months
Your Determination of Tax Credits for the current year
Your original household/health or motor insurance documents (less than 12 months old)
Proof of PPSN
You can use any of the following:
Correspondence from the Department of Social Protection or the Revenue Commissioners showing your PPSN
Payslip, Employment Detail Summary (P60)/P45, Statement of Liability (P21), Tax Assessment or Notice of Tax Credits
Medical Card/Drug Payment Scheme (DPS) Card
Please note: CIS Public Services Card cannot be used to verify PPSN.
Mortgage Interest Relief is a tax relief on the interest you pay in a tax year on a qualifying mortgage loan.
You can claim Mortgage Interest Relief on interest paid by you on a loan used to purchase, repair, develop or improve the home. You can claim the relief up to 31 December 2020.
You must have taken out a qualifying mortgage loan between 1 January 2004 and 31 December 2012.
From 1 January 2014 TRS is being calculated based on the interest which has been paid on a Mortgage Account two months previously. In order to continue to qualify for full TRS, the required interest payments will need to be made from November 2013 onwards.
A loan to purchase, repair, develop or improve may qualify for relief for the years 2004 and 2012 inclusive. The loan must have been for:
the home of your former or separated spouse or civil partner
the home of a dependent relative for whom you are claiming a dependent relative tax credit.
A home includes a house, flat or mobile home which is on a permanent site. It must have water or other services supplied to it.
You can only claim relief on a top-up loan or equity release loan. You must have taken out these loans between the years 2004 and 2012 inclusive on a pre-2004 loan. You must have used this loan to repair or improve your home.
Loans taken out after 31 December 2012
In certain circumstances, you may claim Mortgage Interest Relief for the years 2013 to 2020 for:
a loan taken out in 2013 to construct your home on a site that you bought using a loan taken out in 2012
a loan to repair, develop or improve your home, but only where:
loan approval was in place in 2012
you used part of the loan in 2012
you used the balance of the loan in 2013.
You must have received any required planning permission on or before 31 December 2012 to qualify for relief.
You are deemed to have taken out the loan in 2012 if you meet the above conditions.