Purchasing Advice
Finding the right home, bidding & understanding the process.
Book A Free Consultation
EDUC Mortgages has been helping people get the best mortgage available since 2001.
Choosing Your New Home
The auctioneer will always show the house in the best light but it is important that you do your own research. If you are not familiar with the area visit it in the evening times especially weekends to inspect the area. Walk the area and know the amenities.
Take a trip to the local council office and check the development control plans to know what the future plans are for the area. There is no point in buying that dream house only to be overshadowed by a shopping centre or a motor way in a couple of years’ time.
Today’s best rates:
Remember the day you buy is the day you sell.
Do not be afraid to offer less than the asking price. The asking price is just that.
Make sure that the items you do not want are removed. The last thing you want to do is have to spend €500 on a skip to remove unwanted items.
Finally, on the day of closing inspect the property to make sure that the property and contents is as agreed. All unwanted items are removed from the property and you should also note the meter readings for the utilities i.e. the electricity and gas.
You should then contact the utility companies and arrange the utilities are put into your name and give them the current meter readings so you are not charged for the previous owner’s usage.
Enquire Now To Find Out More
The Purchasing Legal Process
1. Booking Deposit
Once you choose your new home you will give the auctioneer a booking deposit. This deposit is fully refundable and no contracts exist. Both you and the seller can withdraw from the agreement without penalty.
2. Solicitor & Contracts
You also need to give the auctioneer your solicitors details. If you do not have a solicitor, EDUC Mortgages can give you a list of Solicitors that offer reduced rates. The sellers Solicitor will send purchase contracts to your solicitor.
3. Lender Valuation
Once you give your deposit, call EDUC Mortgages to arrange for the Lender to send out the valuer. The Lender’s valuation is not a structural survey of the property but an independent valuation of the property, ensuring the purchase price is the value of the property and you are not overpaying.
4. Mortgage Protection
At this stage you will need to apply for a mortgage protection policy to cover the mortgage in the event death of either mortgage holder.
5. Structural Survey
You should also consider getting a full structural survey of the property to insure that the property has no defects.
6. Full Loan Offer
Once the valuation is completed, any outstanding paper work is forwarded to the Lender the Lender issues your solicitor with the full loan offer.
7. Contracts
Your solicitor will examine the purchase contracts, The title of the property and the loan offer. Once the solicitor is happy with all of the above the solicitor will contact you and make an appointment for you to come in and sign contracts.
8. Contract Deposit
On signing contracts, you will need to pay a contract deposit of 10% of the purchase price less the booking deposit paid to the auctioneer.
9. Agree Closing Date
Once you sign contracts and pay the booking deposit, the solicitor will return the contract to the seller’s solicitor for the seller to sign the contracts and agree a closing date – the date you will get the keys for the property.
10. Legally Binding
At this stage the seller signs the contract and you are now in a legally binding contract. If you fail to complete the purchase you will lose your deposit.
11. Final Outstanding Fees
A week before you are due to get your keys the Solicitor will contact you to arrange to pay any outstanding fees, stamp duty and balance of funds to complete the purchase.
12. Get Your Keys!
Collect your keys, cross the threshold of your new home and begin the next bright phase of your life!
Book A Free Consultation
Why Choose
EDUC Mortgages?
Free Mortgage Advice
Extensive Lender Network
Best Rate On The Market
Ongoing Support
No Fee! (Our Fees Our Paid By Each Lender)
National Coverage
Trust the Numbers
EDUC Mortgages has been in business over 20 years with highly experienced qualified financial advisors.
Mortgages Secured
Years' Combined Experience
Dedicated Full Time Staff
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
"My husband and I availed of the EDUC Mortgages advisory service in the past few months, when buying our first home. Séan, our advisor was fantastic! He made the whole process very straightforward! In addition to being very contactable, he was extremely obliging in assisting and advising us on all areas of our mortgage application in a very friendly and personal manner."
– M. Kenny
"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
"I found working with Sean very straight forward. His knowledge of the current mortgage market was great and he was able to negotiate a good deal for me with Ulster Bank. I would have no problem recommending him to others and have done so already. In fact, colleagues of mine are currently dealing with him."
– A.Naughton
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
"My husband and I (both INTO members) used Educ mortgages when looking for our self-build mortgage last year. Sean made the whole mortgage process pain free! He was so encouraging and positive. His advice was invaluable. We are now over halfway through the project and hope to move into our beautiful new home during the summer. We have and will continue to recommend Educ mortgages to others."
– E. Cusack
Start Today With A Free Mortgage Consultation
Our mission is to get you the best rate on the market for your mortgage so you can minimise your monthly repayments and protect yourself against rising interest rates. We understand the unique challenges that you face, and we are here to be your trusted partner every step of the way. So let’s get started!