Show Notes
This week's episode is all about mortgages - If you are a first time buyer this is a must listen - Paul Merriman covers everything from getting your deposit together to why you definitely shouldn't start your journey on Daft.ie (much to Paul Reid's disappointment!!) This episode is a little longer than usual with lots of detailed but important information, so we have a detailed time code below and supporting websites. **there will be an episode for a second time buyers and fresh starter in the future
Time code (00:00)getting mortgage ready - simple breakdown of figures of what you need to get started - can you afford the mortgage repayment - The importance of a mortgage advisor (04:51)What you need to bring to the mortgage consultation and what it will entail an (06:15)How how to get a credit report and why it needs to be done and done quickly (08:31)Your deposit explained (and some info on the help to buy scheme) (13:20)deposit details and contingency plans and start rules for self builds (15:25)first home scheme (shared equity) explained and why it's particularly suitable for single first time buyers **this scheme can be used with the help to buy scheme and is available to fresh starters (23:12)Local Authority Loan (formerly rebuilding Ireland) (26:01)Importance of building a good team you can trust- mortgage advisor, solicitor, agent, surveyor mortgage broker etc (40:36)why looking for a house before you get your mortgage approval is just going to disappoint - be honest and do what's right for now (43:00)don't buy a stop-gap, the cost of borrowing and why the first 5 years of a mortgage is so expensive (interest first) (46:12)Interest rates - reason for the rises and why you should fix (53:45)the @ASKPAUL mortgage campaign and how you can find the ad banned from the TV!
https://www.revenue.ie/en/property/help-to-buy-incentive/how-do-you-apply-for-help-to-buy-htb.aspx
http://localauthorityhomeloan.ie/calculator/
https://www.centralcreditregister.ie/borrower-area/apply-for-your-credit-report-and-other-rights/
https://www.citizensinformation.ie/en/housing/ Hosted on Acast. See acast.com/privacy for more information.
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Hosted on Acast. See acast.com/privacy for more information.
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