Mortgage Advice
Our expert team of impartial mortgage advisors are here to support you at every step of your journey.
EDUC Mortgages has been helping people get the best mortgage available since 2001.
Impartial Mortgage Advice
Let Us Help You Get The Best Rate On The Market
First Time Buyers
Are you ready to start the journey towards owning your first home? Let us simplify the entire process for you, from start to finish. No fee, no fuss, just expert advice, every step of the way.
Switch & Save
Switching your mortgage to another provider can lower your monthly repayments and save you thousands over the life of your mortgage. Find out how much you can save today!
Home Movers
The mortgage rules are different for second-time and subsequent-time buyers. Whether you are trading up, downsizing or moving home, we are here to guide you through it.
Rules For Borrowing
How much can I borrow?
The amount you can borrow is based on a number of criteria as follows:
- Employment
- Salary
- Children
- Other loans you may have
- Repayment capacity
You should be in a permanent employment and not be on probation, however exceptions can be made e.g. for doctors who would be on contracts in different hospitals.
The amount you can borrow is 4 times your salary for first time buyers and 3.5 times your salary for subsequent buyers, with deductions taken if you have other financial obligations like child support, dependant children, loans, credit card or if you have a partner who is not working.
Mortgage Do’s and Don’ts
Do:
Save regularly
Clear your credit card
Ensure that if, you are paying rent, that the rent is paid by direct debit from your bank account to the landlord
If you are living at home and paying parents rent you should also pay this into your parent’s bank account
If you are saving, make sure that the savings are put in on a regular basis. (i.e. weekly or monthly)
Do Not:
Miss any existing loan payments
Miss direct debit payments
Withdraw money from your savings account(s)
Withdraw cash using your credit card
Bet online
How much can I borrow?
The amount you can borrow is based on a number of criteria as follows:
The amount you can borrow is based on a number of criteria as follows:
- Employment
- Salary
- Children
- Other loans you may have
- Repayment capacity
You should be in a permanent employment and not be on probation, exceptions can be made e.g. for doctors who would be on contracts in different hospitals.
The amount you can borrow is 4 times your salary for first time buyers and 3.5 times your salary for subsequent buyers, with deductions taken if you have other financial obligations like child support, dependant children, loans, credit card or if you have a partner who is not working.
What are the hidden costs of getting a buying a property?
So lets assume you are purchasing a property for €200,000 you will need the following:
| 10% Deposit | €20,000 |
| 1% Stamp duty | €2,000 |
| Legal Fees | €2,000 |
| Total Needed | €24,000 |
Before you apply for a mortgage you should insure that your bank statements are in order. Sometimes you need to put a 6-month plan into place before you apply for the mortgage. This plan should include:
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.
Here To Help
Why Choose EDUC Mortgages?
Free Mortgage Advice
Extensive Lender Network
Simplified Mortgage Process
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!