Why you should use a mortgage broker to help secure your home loan

Ireland’s mortgage market is certainly in different shape to what it was even a few years ago and many people are now feeling much more optimistic about applying for a home loan.

The market’s growth in 2017 is already look positive and the Central Bank’s loosening of the lending rules and the Government’s ‘Help to Buy’ scheme and removal of restrictions of 90% loan-to-value mortgages to first-time buyers have contributed to a 59% increase in home loan approvals in January 2017 alone.

If buying a home is on your mind, now is the time to consider how you might go about financing it. No two home buyers are the same and there is no “one size fits all solution” so it’s important you take the time to find the best option to suit you and your lifestyle. While you may have a great relationship with your bank, opting to have a mortgage broker helps you with the lending process can have a number of key benefits, such as:

Choice of lender: a mortgage broker can give you access to a range of different lenders and offers because they do not have allegiance to any one bank.

Experience and expertise: Mortgage brokers speak in plain English, using their wealth of experience to help you navigate what can be a tricky process.

Time saving: Imagine if you had to research all the different banks and offers available to you – the time, effort and stress could be overwhelming! A mortgage broker simplifies this process to let you focus on what’s important.

A broker can also help you get ready for your mortgage before you commence work on your application, saving you even more time, money and anxiety. Click here to read our top tips for getting mortgage ready on our blog site now.