A mortgage is a lien on a property/house that secures a loan and is paid in installments over a set period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages.
At Hennelly Finance we can make sure you select the mortgage that is right for you, your future plans, and your financial situation.
For most of us, buying our home is the biggest financial decision we ever make.
First Time Buyer Mortgage
As a first time buyer, finding the right mortgage can be daunting. How do I get a mortgage? What type of mortgage should I choose? Hennelly Finance can help you to understand the different types of mortgages on offer, and can advise you on which mortgage best suits your needs. We can find the right first time buyer mortgage for you. Our service is free, impartial and brings you the best mortgages deals from the main mortgage providers in Ireland. We will provide you with every assistance and understanding to help you secure your loan and give you speedy approval. We will assist you through every step of the process enabling you to move into your new home with as little difficulty as possible.
The term ‘remortgage’ simply means switching your mortgage deal and/or mortgage lender. Whether you are switching your deal for a better remortgage rate, conditions, service or increasing the size of your home loan. There are many reasons for remortgaging – for home improvements, to pay off bank loans, credit cards, car finance, credit union loans etc, to help your kids with a deposit for their first home, a world cruise…whatever!! (The only thing you can’t use your remortgage for, is to invest the money in a business). You could save money by simply changing your mortgage – a high percentage of people are currently paying too much for their existing mortgage, are you one of them?
Let us review your current mortgage, it costs nothing and could save you thousands.
Consolidate your debts. Sometimes it’s hard to keep track of where all our money goes – by remortgaging you can transfer all your outgoings into one monthly payment and you may find yourself better off. It’s always good to know what your options are.
Moving house is said to be one of the most stressful times in your life! Although there can be many headaches to deal with, finding the best value trading-up mortgage doesn’t have to be one of them. At Hennelly Finance we can save you time, stress and thousands of euros on your trading up mortgage, leaving you free to concentrate on enjoying your new home.
Buy to let known as Investment Mortgage
Buying an investment property or second home is very different from buying a family home or primary residence. Buying property to rent out privately is very popular in Ireland. Like any investment, buy to let mortgage comes with no guarantees, but for those who have more faith in bricks and mortar than stocks and shares this is probably the only way to start building long term profits. There are a lot of extra issues you need to consider as an investor, such as rental income, tenancy, stamp duty, income and capital gains tax.
There is also a big difference in how you are treated by the banks when purchasing an investment property. For example, the interest rates, repayment options and mortgage terms available to you are not the same as when you are buying your own home.
At Hennelly Finance we will advise you on the best investment mortgages currently on the market and provide free, specialist advice on all areas of buying an investment property.
More and more older people are turning to equity release mortgages to enable them to free up some of the value in their properties. And as the population continues to get older, and property continues to increase in value, this trend is certain to continue. Thousands of older people are asset rich but cash poor. If you have a substantial amount of money tied up in your main asset that you want to get your hands on, you could always sell up and buy a smaller home. Equity release schemes are different to topping up or increasing your mortgage. They are aimed at homeowners over 60 who need to raise a cash lump sum or a regular income in retirement. Equity release allows you to release some of the value of your home without having to move out or sell it on the open market or make repayments during your life time.
Talk to us with regard to all mortgage products as certain terms and conditions will apply. Call us now on 091 670123 or simply use our Contact Us page and find find out how much you can borrow today.