Home Buyers Guide

Chapter 5: Mortgage Basics

What is Your Credit Rating and How Can You Check it...cont

• The credit report reflects your credit history, good and the bad

• Information is kept on your credit report for 5 years after the loan is CLOSED.

• You can see a sample report on the Irish Credit Bureau website, ICB.ie

• Click here to see which lenders are members of the ICB

How Can You Check Your Credit Rating?

The Irish Credit Bureau is the credit rating company who holds your credit record. It costs €6 per report. They will post you a copy of the report, which you'll usually get within about a week of them receiving your form and payment.

You can download a form or apply online or phone them on 01 260 0388 and they'll send you a form.

Can You Still Get a Mortgage with Bad Credit History?

Yes. If you are having problems arranging a mortgage with the standard banks and building societies in Ireland, due to a bad credit history, the good news is that there are now a number of 'specialist lenders' offering mortgages to a much wider range of people.

What deposit do I need?

The deposit you'll need varies from lender to lender.

First Time Buyers & Owner Occupiers:

• Anywhere from 80% to 90% or 92% mortgages are available so you’ll need a 8% - 20% deposit depending on the lender

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