Home Movers / Second Time Buyers.
Under Central bank rules home movers and second time buyers can only borrow 80% of the purchase price. You can avail of an exemption to this rule , contact us for more details.
In addition if you have a current property and it is in negative equity and you sell this property you can still borrow 90% of the purchase price of the new property and carry over the negative equity. See the following example.
Your current property is worth €200,000 and your outstanding mortgage is €225,000 ( €25,000 negative equity) You wish to purchase a 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 you 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 Dublin Mortgage Company?
At Dublin Mortgage Company we offer free advice. We charge no fees.You pay the same interest rate dealing with Dublin Mortgage Company as you do if you approach the provider directly.
We take the leg work and stress out of applying for a mortgage.
We have access to the following Bank’s
K.B.C Bank Ireland.
Avant Money
Bank of Ireland
Ulster Bank
Permanent tsb.
Haven Mortgage ( Broker arm of A.I.B.)
Finance Ireland.
Dilosk ( I.C.S)
By applying to Dublin Mortgage Company you have access to all of the above providers above. One application form, one meeting and you are guaranteed the best rates on the market from the panel of lenders we are authorised to advise on..