Why should you use a Mortgage Broker?

Whether you are planning to buy a property in Ireland, or remortgage your existing one, we believe that it's important that you get professional mortgage advice from an independent mortgage broker.

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Why should you use a mortgage broker, rather than getting a mortgage directly from my bank?

1. If you speak to your bank about getting a mortgage, they will only recommend one of their mortgages... they are unlikely to tell you if you can get a better deal from the building society or the bank down the road!!!

2. There are so many more options available in the Irish Mortgage Market than there were even a few years ago - but generally speaking, each lender will offer some options but not necessarily all the available options.

For example:

Does your bank offer current account or offfset mortgages?
Or cheque book mortgages?
Can you take a payment break from your mortgage?
Will it be expensive to top up your mortgage in years to come?
Can you pay only the interest on you mortgage, in the first year (or number of years), since you'll have the additional costs of furnishing your new home?

Unless you deal with a mortgage broker, or do a lot of research yourself, it's difficult to compare mortgages from one lender with another, as you aren't always comparing like with like.

More importantly, good Mortgage Brokers spend a lot of money to ensure that their information is up to date, so they can recommend the best mortgage deals to you.

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3. Will your lender offer you a big enough mortgage?

Lending criteria varies significantly from one lender to the next, so even if your bank won't lend you enough money, it doesn't mean that another one won't.

It's not unusual for one lender to be willing to offer a mortgage of €50,000 - €100,000 more than one of their competitiors.

It's just that different lenders have different preferences, so while one lender may see you as a 'dream client', another lender may see you as a risky one.

One of the central jobs of mortgage brokers, is to find you a lender who will offer you a big enough mortgage for the property you are interested in.

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Why should you use Mortgages Direct rather than a different Mortgage Brokers?

Independent Mortgage Brokers
Mortgages Direct are independent mortgage brokers , so they'll be able to review your details, and see if First Active will offer the best package or if a more suitable one is available for you with another lender.
No Mortgage Broker Fees
Because Mortgages Direct get their fees paid by the mortgage lenders, they do not charge you a fee. (Watch out as some mortgage brokers do charge fees)
Low Cost Legal Fees:
- Buying a home: €947 + vat + outlay
- Refinancing: €1299 including vat + outlay
Price Match Guarantee.
Mortgages Direct guarantee to match the cheapest mortgage protection quote offered by 8 of the leading insurance companies in Ireland (including Irish Life, Friends First, Caledonian Life, Eagle Star, etc) - so you should save money on your mortgage protection insurance too.
Well Trained Staff
The mortgage consultants are very experienced, know what the lenders like and dislike, so they'll find the right lender, at the right price and take a lot of the hard work out of your hands.

Arranging a mortgage can be a full time job, but it doesn't need to be your job....

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