Home Buyers Guide

Chapter 7: Help, I can't afford to buy a home - what are my options?

Option 1: Speak to a Mortgage Broker

The first thing to keep in mind is that there are lots of different lenders offering mortgages in Ireland.

You’ll be familiar with some of them, like Permanent TSB, First Active, AIB and Bank of Ireland.

You may not be familiar with other lenders like Haven Mortgages and KBC Mortgages.

Each Bank and Building Society use different lending criteria, or rules, to decide how much they would lend you.

Just because one bank’s offer falls twenty or thirty or fifty thousand euros short of what you need, doesn’t mean that another bank won’t come up trumps.

Finding a lender who will offer you a bigger mortgage is one of the areas where a good mortgage broker excels.

Because they deal with mortgage lenders every day, they’ll know which lenders will suit which customers, and which lenders are more likely to lend you more money. They’ll also know which lenders have tightened their lending criteria and which ones are ‘open for business’.

And most brokers won't charge you a fee.

If you haven't done so already, the first thing you should do is to speak to a broker and find out what the maximum approval figure they will be able to get you.

To arrange mortgage approval, call independent mortgage advisers Mortgages Direct on 1890 44 66 44 or fill in
an online mortgage enquiry

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