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Irish Mortgage Lender Profiles - Start Mortgages
Start Mortgages - Lender Profile
Start Mortgages entered the Irish market in 2004, and are one remaining lender in the 'specialist' mortgage market.
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Rates & Fees:
- Their rates are not as attractive as the 'Main Street' lenders, because people who take mortgages through Start tend to have a higher risk profile, and most of the traditional lenders would not approve them for loans.
- Start Mortgages charge an arrangement fee of 0.5% of the mortgage amount, up to a maximum of €1800. This fee is taken out of the mortgage advance upon completion - you do NOT need this money upfront.
- They require a mortgage valuation (approx. €130 - €150) and solicitor fees.
Who will Start Mortgages not appeal to?
- Start Mortgages are specialist lenders, so if you do not fall into their niche categories, you will be better off with the traditional lenders.
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