Home Buyers Guide

Chapter 3: Money, Money, Money

8. Mortgage Fees:

• Broker Fees: Varies. Some brokers do not charge any broker fees at all but others do, so confirm with your broker before you make an application.

• Mortgage Valuation Fee. Cost: approx. €150.

This is standard will all the lenders & is required on all new and second hand homes.

• Final Mortgage Valuation Fee. Cost €65 - €70 (new homes only)

This is standard will all the lenders. If you buy off plan, the lenders will require a ‘final valuation’ when the property is finished.

• Indemnity Bond Fee. Cost: Varies

This is an upfront one-off fee charged by some lenders if you borrow in excess of 70-80% of the house value, to protect them against you defaulting on the loan.

For first time buyers, some lenders will not absorb the cost of the bond, and pay it themselves but other may pass this fee onto you. When charged, the fee can vary from hundreds to thousands of euros so make sure you find out if your lender charges it.


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