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Buying a house – whether it’s your first home, you’re moving up, or you’re a property investor – is an exciting time.  But it can also be stressful and arranging finance is one of those areas that can trip you up.


Our aim is to make the mortgage application process as straight forward and stress-free as possible for you.  We want to look after the finance side of things so you can get on with finding your perfect home.
 

Whether you’re at the start of the mortgage process and wondering how to get your finances in order, or whether you’re further along the process and ready to make an application, give us a call to set up an appointment and we will go through everything with you in person.

 


 

There are many elements to a successful mortgage application.                        


Here are our general guidelines for getting ready:
 

1 - Save for a deposit
First time buyers require a deposit of 10% of the purchase price for most lenders.
 

2 - Prepare well in advance (6 months minimum)
Keep your current accounts well maintained, avoid credit card debt and other short-term loans.
 


3 - Income
Secure employment with a permanent contract is a must with most lenders. Employees should be employed for at least 12 months.


4 - Affordability and repayment capacity
Can you show the lender that you are already meeting the repayment capacity with rent payments or continuous monthly savings.

5 - Good financial management
Build up a pattern of savings, be able to display that you never use an overdraft, clear short term loans etc.

6 - Irish Credit Bureau
Lenders will check your ICB rating, so you should apply for your own report before making an application. It is best to address any issues with your ICB report at the start of the application process.


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CML Financial Ltd trading as CML Financial is regulated by the Central Bank of Ireland
Company Registration No. 437266. Registered office – The Business Centre, Lisfannon, Buncrana, Co. Donegal
Directors: Joseph Carlin BSc MSc QFA Chiara M Conway BA DBS Pensions Dip QFA
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