Home Mover Mortgages
Trading Up? Downsizing? Moving Home?
Move house with ease
Moving Made Easy
For second and subsequent buyers, the mortgage process is much the same as it is for first-time buyers.
The amount you can borrow is 3.5 times your salary for with deductions taken if you have other financial obligations like child support, dependent children, loans, credit cards or if you have a partner who is not working.
A percentage of bonuses; commission; allowances; overtime; stock options; RSUs; and shift work may also be taken as income.
As of October 2022, second time and subsequent buyers are allowed a maximum loan to value of 90% meaning you are only required to provide a deposit of 10% (instead of the previous 20%).
Questions You May Have:
Can I use equity from my current property to fund my new one?
Can I port my current mortgage (i.e. transfer it to my new property)?
If I can’t port, what are my options if I’m still within my fixed- rate term with my current lender?
What impact does negative equity have on getting another mortgage?
Can I keep and rent out my current property or should I sell?
Our experienced mortgage advisors are here to help you assess your current financial situation and your current mortgage and consider your options from all angles. They will evaluate these against your short-term and long-term goals to determine the best course of action and find you the best deal.
How much can I borrow?
Mortgage Calculator
Get an indication of how much a bigger or smaller mortgage loan will cost you with our mortgage calculator. Get as estimate of your monthly repayments as well as how much you will pay in interest over the term of your loan.
Tip: Regularly review your mortgage with a qualified advisor and ask about ways in which you can reduce the amount of interest you will pay in order to save thousands over your mortgage terms.
Disclaimer: This calculator is for indicative purposes only. Please always seek professional guidance before making a financial decision.
Mortgage Tips
Before You Move
Whether you are porting your mortgage, re-applying to your existing lender for a new or top up loan, or applying for a brand-new mortgage with another lender, you’ll need to ensure you meet the qualifying criteria. That means having your finances in order, managing debt and showing evidence that you can repay the mortgage loan.
Just like first-time buyers, you’ll have to provide proof of employment, income, and repayment capacity. Make sure you are ready so you can move quickly when your ideal property presents itself.
Good money management across all active current and savings accounts.
No missed direct debits or standing orders.
Controlled use of your credit card and ensure a monthly direct debit for minimum payment is set up.
Why Choose EDUC Mortgages?
Free mortgage service (our fees are paid by each lender).
Extensive lender network.
Best rates on the market.
Expert knowledge of public sector.
Exclusive offers for TUI, INTO and IFUT unions
End-to-end mortgage journey support.
Evening and remote meeting options to suit you.
Fixed-rate legal fees through our dedicated conveyancing panel.
National coverage.
Testimonials
What Our Clients Say
“Cathal and the team's services made the process of purchasing a house as a first time buyer incredibly seamless. They expertly handled all the necessary paperwork, found us the best mortgage, leaving me and my partner with no worries. Their excellent communication ensured that we were well informed and taken care of throughout the entire process”
– V. Carroll
“I have used Educ Mortgages twice in the past 5 years when buying two different properties and I really cannot recommend them enough. I found them always very professional, knowledgeable, quick to respond with a friendly attitude. They made the process of buying a new home much easier for me and my family and I’m so grateful for their amazing service!”
– N. Vojvodic
"We used EDUC mortgages to apply for our self-build mortgage after having difficulty getting approval with our bank. We found them to be professional, knowledgeable and very efficient. If we had any questions they were always only a phone call away. We are halfway through building our house now and delighted that we decided to go with EDUC Mortgages."
– P. Moroney
From the very beginning, Cathal demonstrated a remarkable level of professionalism, knowledge, and dedication to his clients. He patiently explained the intricacies of the mortgage market and the various options available to me. Cathal and his colleague Clodagh promptly responded to my inquiries, kept me updated on the progress, and proactively addressed any potential issues that arose. I always felt informed and supported at every stage of the mortgage application. I would highly recommend EDUC Mortgages to my colleagues and friends.
– C. Hickey
Who We Work With
At EDUC Mortgages, we have access to all of the major lenders in Ireland so
we can get you the best rate available on the market.
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