Lending criteria, terms and conditions apply. Over 18s only and Republic of Ireland residents only. Mortgaged property must be in Republic of Ireland. Security, buildings insurance and life cover required.
So you think you’ve managed to get together a deposit. That’s great but don’t forget there may be some other costs that you’ll need to budget for. There are no fixed rules about these extra costs – how much you pay all depends on the house or flat you’re buying, where you live, your mortgage deal etc. This isn’t full list of all the costs that could be involved but it’s starting point to help you work out what you can realistically afford.
Likely to be the biggest expense you’ll need to pay other than your deposit. Stamp Duty is a tax you have to pay if you buy a property or land. The amount you need to pay depends on the purchase price of the house.
Sometimes the surveyor may recommend that the sale price is higher than the actual property value, and downgrades the valuation. This can be quite common and may be down to many different factors including over pricing due to market conditions or structural issues with the property.
We don’t want you to buy a property that’s been over-valued, so we’ll contact you to discuss the different options open to you. These may include asking the seller to reduce their price or you increasing your deposit so you need a smaller mortgage. Or you may decide on reflection that this particular house purchase isn’t for you.
For any mortgage you have to have buildings insurance. You may be offered it from your mortgage provider but it can pay to shop around to find the best policy for you. If your property is leasehold and you pay a management or maintenance fee, check to see if you’re already covered.