Home Movers / Second Time Buyers.
Under Central Bank rules, home movers and second time buyers can only borrow 80% of the purchase price. You may be able to avail of an exemption to this rule.. Contact us for more details.
In addition if you own a property and it is in negative equity and you sell this property you may be able to borrow 90% of the purchase price of the new property and carry over the negative equity. Look at the example below..
Your current property is worth €200,000 and you owe €225,000. ( €25,000 negative equity) . You wish to purchase a new property for €300,000
You sell your current property.
You get a mortgage of €270,000 for your new home 90% of purchase price and carry over the €25,000 to cover the loss on the sale of your old property so your new combined mortgage is €305,000.
Why use North Dublin Mortgages?
At North Dublin Mortgages, we offer free advice. We charge no fees, if mortgage is fully drawndown. You pay the same interest rate dealing with North Dublin Mortgages as you do if you approach each bank directly.
We take the leg work and stress out of applying for a mortgage.
We have access to the following Bank’s, as disclosed below..
K.B.C Bank Ireland. (Through our appointment with Brokers Ireland Mortgage Services)
Permanent TSB. (Direct agency Held)
Haven Mortgages (Broker arm of A.I.B. and E.B.S.) (Through our appointment with Brokers Ireland Mortgage Services)
Dilosk Bank (Direct Agency Held)
BNP Paribas Bank (Through our appointment with Brokers Ireland Mortgage Services)
Finance Ireland. (Through our appointment with Brokers Ireland Mortgage Services)
By applying with North Dublin Mortgages, you have access to all of the providers above. One application form, one meeting and you are guaranteed the best rates from the panel of lenders we are authorised to advice on, directly, through referral to Dublin Mortgage Company or through the firms appointment with PIBA Mortgage Services. This is subject to you being eligible for the loan and satisfying the lenders full underwriting terms and conditions.
