Mortgages

– morgáistí

Purchasing a home, whether you are a first time buyer or a seasoned investor is one of the largest financial commitments that any one individual can make.

In recent times, getting a mortgage has become extremely challenging for many, particularly for those that are self-employed. In order to be in the best position possible to get a mortgage you need to ensure that your finances are in order and that you engage with your mortgage advisor at the earliest opportunity.

Talking with a mortgage advisor will allow you to assess your eligibility for a mortgage and, if necessary, make changes to your circumstances to maximise your chances of obtaining mortgage finance.

First-time Buyers

The mortgage market can be daunting for the uninitiated and getting the right advice before applying for a mortgage is critical to the success or failure of that application.

Ensuring that you get the best advice at the start of your mortgage can save you thousands of euros in interest payments over the lifetime of your mortgage. At James Financial Services we will ensure that the mortgage is suitable for your needs. We will also give you a plan on the best ways of ensuring that your mortgage is paid back in as effective and efficient a manner as possible. We will encourage you to come back on an annual basis for a review of your mortgage.

Self-Build Mortgages

Due to the different criteria applicable it is essential that advice is availed of before embarking upon a self build home.

There are a number of important factors that need to be taken into account particularly the nature of the build; the engineer/Architect behind the build and the way in which the build is to be costed. It is always a more challenging prospect to get this type of mortgage and a consultation with an experienced mortgage advisor would be essential from the outset even prior to consulting with your engineer/architect. The process from initial consultation to final drawdown to complete the property can be a process that lasts several years!

Residential Investment Mortgages/ RIPS

We assist both individuals and companies to obtain mortgage finance to purchase residential units as investments. Getting the application right on day one is critical and we work with our clients in presenting a proposal to a lender in the best possible way. If you are a professional investor or looking to become a one off investor it would be prudent to talk with us before making any investment decision

 Pension Mortgage – Galway Ireland

The most tax efficient means of been a landlord in Ireland today is to hold your investment property in your pension. All rents and capital gains on sales can accrue without deduction of tax, thereby boosting your property investment portfolio. Compared to almost 50% tax outside of a pension structure it really is the most tax efficient means to holding property assets. You also can diversify rental profits into shares/ETFs and or traditional pension funds.

Mortgage Difficulties

If you encounter difficulties in the repayment of your mortgage we would encourage you to make contact with us and we can refer you to MABS and/or to Free Legal Advice centres. (FLAC)

Warning

If you do not keep up your repayments you may lose your home.