           |
||
    |
 |
|
|
|
 There are 3 main areas the lenders look at when offering you a remortgage: 1. The value of the home vs the new loan amount required 2. Your income 3. Your credit history 1. Value of your home - we can arrange mortgages of up to 92% of your property value. For example: Property Value €200,000 Maximum mortgage €184,000 Property Value €250,000 Maximum mortgage €230,000 Property Value €300,000 Maximum mortgage €276,000 Property Value €350,000 Maximum mortgage €322,000 2. Your Income: Generally speaking, the lenders will offer an approval amount based on a multiple of your annual income (usually up to 4.5 times), or will allow a certain percentage, usually 35% of your monthly net income to cover your mortgage repayments. 3. Your credit history When you are taking out a loan or a mortgage with the main banks and building societies, they will do a 'credit search' with the Irish Credit Bureau. If you have had a few hiccups with loan payments, they will usually show up on the report. If your credit report is good, and the income and property value are ok, we should be able to offer you mortgage terms from up to 11 lenders. If you have had credit problems in the past, don't fret - we still have a number of lenders who are interested in offering mortgages. Just outline the problems you've had on the enquiry form, and we'll be able to let you know what we can do for you. To help us find the right loan for you, click on the orange button below. Alternatively, choose one of the other buttons, to find out why you should use RemortgageIreland.com to arrange your mortgage, or to make a no obligation enquiry: |
|
