Why Use Mortgage123? We do not charge you a fee

Mortgage123 will package and present your application properly to give you the best chance with mortgage underwriters

Mortgage123 will manage your application from start to finish, going above and beyond to make sure your application is processed

Mortgage123 will offer a more competitive deal on your insurance too

This mortgage guide has been provided by Mortgage123, Irish mortgage broker providing advice on domestic mortgages and Irish mortgages for Irish living abroad.

Mortgage123.ie T: 01 5242065

E: Hello@Mortgage123.ie www.Mortgage123.ie

IPS Financial Advice Limited t/a Mortgage123 is regulated by the Central Bank of Ireland.

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: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating and may limit your ability to access credit in the future.

First Time Buyers | Extenders |

Switchers | Movers

With over 100 different mortgage rates and options available, a broker offers you the best

route through the mortgage maze.

With rates as low as 2.5%* p.a.

Mortgage123.ie is the perfect place to start. 01 5242065 | Hello@Mortgage123.ie or webchat

* Rates valid as at 26/04/18. Terms and conditions apply.

YOU FIND

A HOME

WE DO THE

REST

MORTGAGE123.ie ONE BROKER ALL BANKS

24/7 Number 085 104 5992

Why Use Mortgage123? We do not charge a fee

Mortgage123 will package and present your application to give you the best chance with mortgage underwriters

Mortgage123 will manage your application from start to finish for speedy approval

Mortgage123 will get you the best deal available on your life and home insurance

This mortgage guide has been provided by Mortgage123, a regulated mortgage broker providing advice on domestic

mortgages and mortgages in Ireland for Irish people living abroad.

Mortgage123.ie T: 015242065

24/7 number 085 104 5992E: Hello@Mortgage123.ie

www.Mortgage123.ie IPS Financial Advice Limited t/a Mortgage123 is regulated by the

Central Bank of Ireland.

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: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating and may limit your ability to access credit in the future.

A MORTGAGE GUIDE FOR CONSUMERS 2018 KNOW THE FACTS

First Time Buyers | Extenders |

Switchers | Movers

With over 100 different mortgage rates and options available, a broker offers you the best route through the mortgage maze.

With rates as low as 2.5%* p.a.Mortgage123.ie is the perfect place to start.

01 5242065 | Hello@Mortgage123.ie or webchat 24/7 Number 085 104 5992

* Rates valid as at 26/04/18. Terms and conditions apply.

YOU FIND

A HOME

WE DO THE

REST

MORTGAGE123.ie ONE BROKER ALL BANKS

With hundreds of rates available, Mortgage123 will get you the best Mortgage available

YOU FIND A HOME

WE DO THE REST

MORTGAGE123.ieONE BROKERALL BANKS

MORTGAGE GUIDE2018

KNOW THE FACTS

First Time Buyers | ExtendersSwitchers | Movers

• You will also need to make sure you can still live within your means.The amount you can borrow also depends on what you cancomfortably afford to repay monthly, this typically should notexceed 35% of your disposable income. It’s all about thatcomfort cushion.

• Every lender uses a calculator to see what you can afford andthese vary from lender to lender, a good broker will know whichlender's calculator to use to maximise your mortgage andbenefits.

Example: • Lisa returned from England 12 months ago.• She is now in her second 6 month contract with

the HSE, annual income is €62,000.• Lisa found a property for €285,000, she has a

deposit of 10% (€28,500), she needed to borrow€256,500 which is 4.15 times her income.

• A mortgage of €256,500 was arranged over 25years at 2.85% fixed rate for 4 years, which willcost Lisa €1,196.43 per month, she also got a freevaluation and €1,500 help with costs from thelender.

First Time Buyers

Extenders

• The amount you can borrow will be based on your income, your house price,and your affordability. You would need to have a taxable income by way ofemployment or self-employment.

• Contract employment, no problem, we can help you.

• First Time Buyers are able to borrow a maximum of 90% of the value of theproperty (this percentage is known as the LTV, or Loan to Value of yourhome). Yep, that means you’ll need a 10% deposit.

• Deposit can be saved or gifted by a family member.

Switchers

• The amount you can borrow will be based on your income, your housevaluation, and your affordability. You would need to have a taxable income byway of employment or self-employment.

• Contract employment, no problem, we can help you.

• By rule of thumb, you can borrow 3.5 times your income. Depending on yourcircumstances, a broker can sometimes exceed the 3.5 times rule.

• You will also need to make sure you can still live within your means. Theamount you can borrow also depends on what you can comfortably afford torepay monthly, this typically should not exceed 35% of your disposableincome. It’s all about that comfort cushion.

• Every lender uses a calculator to see what you can afford, and these varyfrom lender to lender, a good broker will know which lender's calculatorto use to maximise your mortgage and benefits.

• When considering home renovations, it is wise to have your costingdone prior to applying for a mortgage, be realistic and ensure thatworks carried out will add future value to your home.

Example: • John and Ciara were 5 years into their €220,000

mortgage, paying €1,041 p.m. at a rate of 4.5%.• They switched to a new lender, now pay 3%

interest, which has dropped their mortgagerepayments to €927 per month.

• They save €114 per month / €1368 per year and€41,040 over their mortgage term.

Example: • Bob and Ann own a property worth €150,000 with

mortgage of €90,000. They wish to switch and alsowant to borrow an extra €170,000 to extend andrenovate the property.They are both aged 40 and have a joint income of€90,000, two small children. A mortgage of€260,000 was arranged on an agreed drawdownbasis.The mortgage is over 25 years on a 4 year fixed rateof 2.6% at a cost of €1179.54 p.m.They got€1,500 help with costs and a free valuation.The property was valued at €350,000 with theworks completed.

•

Example: • Mary has a house in Cavan but needs to move to

Dublin as she works there now and earns €63,000.• Her current mortgage is €40,000. She would like to

increase her mortgage to €90,000 and use the€50,000 as deposit to purchase a property inDublin for €250,000.

• She got an investment mortgage of €90,000 at arate of 4.8% variable, cost €515 p.m. over 25 years,and a mortgage of €200,000 on the property inDublin fixed at 3.15% for 3 years, cost €964 p.m.over 25 years.

• Mary now rents her property in Cavan for €750 p.m.

• The amount you can borrow will be based on your income, your house price,and your affordability. You would need to have a taxable income by way ofemployment or self-employment.

• Movers can normally borrow a maximum of 80% of the value of the property; however, a broker may be able to get you up to 90% loan to value. You can even move and keep your existing property.

• By rule of thumb, you can borrow 3.5 times your income. Depending on yourcircumstances, a broker can sometimes exceed the 3.5 times rule.

• You could save thousands by switching your mortgage to a new provider,there are cash incentives from lenders to lure new customers as switchingyour mortgage should not cost you anything and can even leave you withfunds by way of cash back from the new lender.

• The amount you can borrow will be based on your income, your housevaluation, and your affordability. You would need to have a taxable income byway of employment or self-employment.

• Contract employment, no problem, we can help you.

• Switchers can normally borrow a maximum of 80% of the value of theproperty; however, a broker may be able to get you up to 90% loan to value.

• By rule of thumb, you can borrow 3.5 times your income. Depending on yourcircumstances, a broker can sometimes exceed the 3.5 times rule.

• You will also need to make sure you can still live within your means.The amount you can borrow also depends on what you cancomfortably afford to repay monthly, this typically should not exceed35% of your disposable income. It’s all about that comfort cushion.

• Every lender uses a calculator to see what you can afford, and thesevary from lender to lender, a good broker will know which lender'scalculator to use to maximise your mortgage and benefits.

• The amount you can borrow also depends on what you can comfortablyafford to repay monthly, this typically should not exceed 35% of yourdisposable income. It’s all about that comfort cushion.

• When looking at savings you can make by switching your mortgage, youcan also review what you are paying for your mortgage life cover, agood broker should have access to all insurance companies.

• You can get a mortgage for a maximum of 35 years subject to yourretirement age.

Movers

By rule of thumb, you can borrow 3.5 times your income. Depending on your circumstances, a broker can sometimes exceed the 3.5 times rule.

• You can get a mortgage for a maximum of 35 years subject to yourretirement age.

•

Extenders are able to borrow a maximum of 80% of the value of the property.•

• Make sure you build in a contingency amount of 10% as sometimesworks cost more than originally estimated.

• You can get a mortgage for a maximum of 35 years subject to yourretirement age. •

•

You will also need to make sure you can still live within your means.•

• The €3,000 cashback they got from their newlender as a ‘thank-you’ for switching covers thefees for switching of €1,100 and buys a newsuite of furniture for living room.

Contract employment, no problem, we can help you.•

• You can get a mortgage for a maximum of 35 years subject to yourretirement age.

Every lender uses a calculator to see what you can afford, and thesevary from lender to lender, a good broker will know which lender'scalculator to use to maximise your mortgage and benefits.

•