MortgageBuddy
  • Apply Now!
  • Continue Application
  • Home
  • About Us
    • Book an Appointment
  • Our Services
    • Mortgages
      • Life and Serious Illness Cover
      • Advice on House Insurance Protection
    • Mortgage Valuation
  • Calculator
  • Mortgages
    • First Time Buyers
    • Remortgage Movers / Switchers
    • Buy To Let
    • Self Builds
    • Second Time Buyers
    • Renters
  • Resources
    • Step by Step Guide
    • Frequently Asked Questions
    • Mortgage Terms
    • Help To Buy Scheme
  • Blog
  • Careers
  • Contact Us
  • Menu Menu
You are here: Home1 / Frequently Asked Questions

Frequently Asked Questions

What is a Pre-Approval?

A pre-approval gives you an indication of the maximum amount you can borrow. 

How many months of bank statements do I have to provide?

Normally a Bank will request your last 3 months bank statements.

What are the main Costs associated with a Mortgage?

The main costs associated with a Mortgage include:

  • Deposits  
  • Stamp Duty 
  • Legal Fees
  • Life Assurance
  • Home Insurance 

Do I need to have Savings?

A steady savings record helps an application, Lenders want to be able to see that you can save a certain amount of money every month. 

What will Lenders look at when considering your application?

Lenders will look at your employment, income and current evidence of repayment capacity.

Is there a minimum or maximum term for a Mortgage?

This depends on the Lender; with most lenders the minimum term would be 5 years and maximum term is normally 35 years.

Why use a Mortgage Broker?

A Mortgage Broker can shop the market for the best rates and products from a number of Lenders, saving you time.

How much can I borrow?

How much you can borrow will depend on your income and Loan to value. A Lender will review both your gross and net income and the security of employment.  If you are a first-time buyer you will quality for a loan to value of up to 90%, this means you will have to have a 10% deposit saved. If you are a second time buyer you will quality for a loan to value of up to 80% and will need to have a 20% deposit saved. Please note there are some exceptions to this rule.

Contact Us
Ask Us!
Book Now
Learn More
Follow a manual added link
Contact Us
Book Now
Ask Us!
Learn More

Social Media

Legal Information

Privacy Policy
Contact Us
Charges

Fogarty Financial trading as Mortgage Buddy is regulated by the central bank of Ireland.

Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it.

Warning: You may have to pay charges if you pay off a fixed rate loan early.

Contact Us


hello@mortgagebuddy.ie

Waterford office

3 Parnell St,
Waterford,
X91 X4XD
(051) 843 684

Carlow office

51 Dublin St,
Dublin Rd,
Carlow, R93 NN76
(059) 917 3225

Limerick office

72 O'Connell St,
Limerick, V94 X43W
Tel: (051) 843 684

© - MortgageBuddy 2021
  • Home
  • About Us
  • Our Services
  • Calculator
  • Mortgages
  • Resources
  • Blog
  • Careers
  • Contact Us
Scroll to top
Woof! This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
}