FIRST TIME BUYERS

1. Check your credit score – your credit history is a crucial factor when applying for a mortgage. If you feel you may have adverse credit history you can check your credit score on line by logging onto www.icb.ie.

2. Prove to the lender you have the ability to repay – build up a good savings record and keep documentary evidence of your rent (i.e. payment by direct debit to your landlords account, rent book and/or tenancy agreement).

3. Maintain healthy current account activity- a key factor for lenders is to see how you manage your money on a monthly basis. Keeping your current accounts in good working order and free of referral fees is essential.

4. Evaluate what you feel you can afford – based on what money is currently coming in and going out each month, you should have a good idea of what you feel you can afford to spend on a mortgage without over stretching yourself financially.

5. Organise your documents – there is a standard list of documentation that the lenders will require.

6. Give us a call – a straight forward conversation, no strings attached will help you get on the right track to apply for your first mortgage.