What are the steps to obtaining a mortgage in Ireland?

To obtain a mortgage in Ireland you need to talk with a mortgage provider.

You can go straight to a bank or online bank and talk with their mortgage advisor – or you can consult with an independent mortgage broker.

We highly recommend talking with a broker who is a QFA (Qualified Financial Advisor) as they are required to operate to professional standards. These are experts who are acting on your behalf – you are their client. As well as securing you the best deal for your circumstances, they can explain how the system works and can be very helpful in helping you to fill in the application forms correctly and avoid difficulties and delays. Most of them do not charge a consultation or service fee. They are paid commission by the bank with whom they place your mortgage. They can also save you money on insurance by shopping around. It can be very helpful having a trusted independent advisor like this in your team.

In contrast a tied mortgage advisor is paid by their employer and acts on behalf of their employer. You are a customer – not a client.

Please feel free to contact us if you need a recommendation for a QFA or a helpful tied mortgage advisor.