I’m a first time buyer
We understand that buying your first home is a huge decision and the mortgage process can seem overwhelming at times. At HC Financial our mortgage advisors are here to help you every step of the way.
How much can I borrow?
- Banks can only lend you up to 3.5 times your gross salary – that’s your annual income before tax. If it’s a joint application, that’s your combined gross income. … Your mortgage still needs to be within 3.5 times of your income/combined income.
Saving for your deposit
- 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
Searching for your new home
- Know how much you can 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
Apply for your Mortgage
- In order to submit your application you will need to provide the documentation outlined here. Bring these along with you to your appointment with us and we will talk you through the process.
Find and Buy your home
- Once you have found the perfect one for you – let us know
- You will need a valuation and sign your documentation with your solicitor
- You need to arrange Life Insurance & Home Insurance. We can help you with this
- Your solicitor will arrange the transfer of funds and collection of keys to your new home
Call us on 091 788000
Email: admin@hcgroup.ie
Take the first steps to owning your own home
We are here to help you!
How long will the process take?
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Book an appointment |
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Submit your application |
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Receive credit approval in principal |
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Letter of Approval |
Switching your mortgage could save you money
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?
Give our team a call today and see if we can save you some money!
Call us on 091 788000
Email: admin@hcgroup.ie
Take the first steps to owning your own home
We are here to help you!
Self Build
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.
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Staged Payments One of the differences between a self-build mortgage and a standard mortgage is stage payments. |
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Advantage of staged payments for you By releasing your funds in stages you only pay interest on what you’ve actually drawndown, not on the whole amount. |
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How staged payments work |
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What else you need to do |
Call us on 091 788000
Email: admin@hcgroup.ie
Take the first steps to owning your own home
We are here to help you!
Required Documents
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:
- Salary Certificate(60KB)
- Payslips (2 of most recent 3)
- Statement of Taxes (Employment Detail Summary (P60) equivalent or Tax Balancing Statements)
- Accountants Confirmation
- 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
Call us on 091 788000
Email: admin@hcgroup.ie
Take the first steps to owning your own home
We are here to help you!
In addition, to meet our regulatory requirements, we also need you to provide proof of name, proof of your address and proof of PPSN
Photo Identification
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.