Mortgage Interest Rates & Costs

Mortgages Direct can help you find the best posible rates, from 12 different lenders, even when you're still shopping for a home.

Check out the todays best mortgage rates

Mortgage Fees & Home Buyer Costs:

• Broker Fees: Cost: €0
  No Broker Fees are charged on any standard mortgages arranged by Mortgages Direct.
  (A broker fee may be charged with Bad Credit Mortgage applcations).
  
  
• Mortgage Valuation Fee. Cost: €130 - €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: Usually €0 (usually only charged to investors)
  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, most lenders will not absorb the cost of the bond, and pay it themselves but some lenders may pass this fee onto you. When charged, the fee can vary from hundreds to thousands of euros so make sure your lender doesn’t charge it.
  
  
• Arrangement or Acceptance Fee. Cost: Usually €0
  These fees are not charged by the main stream lenders, but are charged on ‘specialist’ and ‘subprime’ mortgages i.e. if you have a bad credit history etc. The fees charged are generally between 0.5% to 1% of the mortgage amount.
  

Other Home Buyer Costs:

• Legal Fees
  If you arrange a mortgage on Moving.ie, we'll offer you discounted, low cost legal fees at €947 + vat. Other solicitors charge between 0.5% - 1% of the property value as a fee, so it's important to shop around for a good price.
  
  
• Legal Outlays (Government, Land Registry & Legal Search Fees)
  Cost: Varies from €100's to €1000+
  Legal outlays vary depending on the price and type of the property, among other things.

Get Mortgage Approval in Principle: Online Mortgage Application

Other Popular Articles:

• Buying a Home - Step by Step
• Mortgage Application Process
  
• Rates & Costs
• Do I Need a deposit?
  
• Which type of mortgage is best for me?
• How Much Can I Borrow?
• Would I Be Approved?
• Approval in Principle - Why it's so Important
• Online Mortgage Application

Mortgages Direct Ltd t/a Mortgages Direct is regulated by the Financial Regulator.