Irish Mortgage Advisors & Brokers

Why come to us for your mortgage

IMS Financial mortgage advisors can be a valuable resource for individuals and families looking to secure a mortgage for purchasing a home or refinancing an existing one. Here are some reasons why you should consider using an IMS Financial mortgage advisor:

Expertise:
At IMS Financial our advisors are highly knowledgeable and experienced in the mortgage industry. We have been providing mortgage advice since 1999. We understand the various mortgage products available, interest rates, and lending criteria. This expertise can help you navigate the complex world of mortgages and find the best loan for your specific needs.

Customised Solutions:
Our mortgage advisors can assess your financial situation, goals, and preferences to recommend mortgage solutions tailored to your unique circumstances. They can help you find the mortgage with the terms, interest rate, and payment structure that best suits your needs.

Access to Lenders:
IMS Financial mortgage advisors have relationships with multiple lenders, including banks and non-bank lenders. This gives you access to a broader range of mortgage options, increasing your chances of finding the best deal.

Time and Stress Savings:
Mortgage applications can be time-consuming and stressful. Our mortgage advisors can streamline the process for you, saving you time and reducing the stress associated with securing a mortgage.

Pre-Approval Assistance:
IMS Financial mortgage advisors can help you get pre-approved for a mortgage. This can be valuable when you are house hunting, as sellers often prefer buyers who have already secured financing.

Paperwork and Compliance:
Our mortgage advisors can assist with the paperwork and ensure you meet all the necessary compliance and legal requirements. This helps avoid potential issues and delays during the application process.

Credit Counselling:
If you have credit issues, an IMS Financial mortgage advisors can provide guidance on improving your credit score to increase your chances of qualifying for a mortgage or securing a better interest rate.

Education and Guidance:
We can educate you about the different types of mortgages, their pros, and cons, and answer any questions you may have. This empowers you to make informed decisions about your mortgage.

Future Planning:
IMS Financial mortgage advisors can help you consider your long-term financial goals and how your mortgage fits into your overall financial plan.

In summary, using an IMS Financial mortgage advisor can provide you with expert guidance, access to a wide range of mortgage products, and personalised assistance, ultimately helping you secure the best mortgage for your needs and financial situation.

SERVICES

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First Time Mortgage Buyer

Congratulations on considering purchasing your first home! Buying your first home can be an exciting and often daunting step to take. Remember that buying a home is a significant financial commitment, so take your time,seek advice from a mortgage advisor and let us do the legwork.

At IMS Financial we will be there from start to finish.

We will:

Assess your finances:
We will review your financial situation, including income, expenses, and savings. Determining how much you can comfortably afford as a mortgage.

Research Mortgage Options:
At IMS financial we will help you understand the various types of mortgages, such as fixed-rate, variable-rate and more. We research and compare interest rates and terms across the board.

Get Approval In Principle ( AIP ):
Pre-approval from a lender helps you understand how much you can borrow and demonstrates to sellers that you're a serious buyer.

Apply for a Mortgage:
When your offer on a home is accepted, we will formally apply for a mortgage. At this time, you will need a valuation and have to satisfy AIP conditions.

Drawing down the Mortgage:
Once your mortgage is approved, you'll go through the drawdown process, which involves signing the necessary documents and satisfying loan offer conditions

Mortgage Switcher

Not all Mortgages are the same. Thinking of Switching your Mortgage to a better rate? Looking to make savings on your Mortgage?
We hold agencies with all major Irish mortgage providers. This means we are not tied to any one provider and can therefor offer a unbiased & impartial switcher service, negotiating on your behalf with multiple mortgage providers offering varied mortgage switcher packages.

1. Can I switch my mortgage?
There are a few things you need to consider when switching your mortgage.
Your LTV ( Loan to Value) rate can change based on the amount outstanding reducing and your house value changing up or down. This can be a huge factor in securing a new Mortgage rate.

The balance outstanding on your current mortgage will be a determining factor when looking to switch mortgages.
Term remaining, both minimum and maximum mortgage loan terms can apply if you are switching.

Your current rate or fixed rate could make the difference between significant savings and an overall loss over the lifetime of the loan.

Credit history will be looked at. Have you been meeting your financial obligations.

Before you make any important decisions it would be advisable to seek professional financial advice.

2. When can I switch my mortgage?
If you are on a variable rate you can, generally speaking, switch at any time. If you are on a fixed-rate mortgage you could pay a hefty penalty to break free, but if you are coming to the end of a fixed-rate period it would be advisable to look at your options going forward.

If you happen to have a tracker mortgage it would be very unlikely you would get a better rate.

3. Can I switch my mortgage to another bank?
The short answer is yes! Irish banks are offering very competitive rates to consumers looking to switch their mortgage. There are even cashback incentives being offered by mortgage lenders to get your business. While this may seem attractive in the short term, always remember the interest rate. This is where the real saving is made.

Self Build Mortgage

A self-build mortgage is a type of mortgage loan specifically designed for individuals or families who plan to construct their own home rather than purchasing an existing property. These mortgages are structured to provide financing at different stages of the construction process.

Staged Payments:
Instead of receiving the full loan amount upfront, self-build mortgages release funds in stages, typically in predefined progress stages of the construction project. These stages might include completing the foundation, erecting the frame, completing the roofing, and so on.

Interest Payments:
While you're building your home, you typically only pay interest on the amount of money you've drawn down, rather than the entire loan amount. This can make it more manageable financially during the construction process.

Final Inspection:
Once the construction is complete, the lender may conduct a final inspection to ensure the home is built to the agreed-upon specifications and quality standards.

Mortgage Payments:
After the home is completed and the lender is satisfied, you will start making principal and interest payments based on the total amount borrowed.

Before pursuing a self-build mortgage, it's essential to do thorough research and work with professionals who can assist you in managing the project effectively. You'll need to have a clear understanding of the stages at which funds will be released and how you'll manage finances throughout the building process.

Trading Up Mortgage

A Trading Up mortgage, is a type of mortgage that individuals or families obtain when they want to sell their current home and purchase a more expensive or larger one. This type of mortgage is used when homeowners are looking to move to a more substantial or higher-valued property, which typically comes with a higher price tag. Here are some key points to consider regarding trading up mortgages:

Selling Your Current Home:
To purchase a larger or more expensive home, you usually need to sell your current home. The proceeds from the sale can be used for the down payment on the new property.

Financing the Difference:
If the new home costs more than the proceeds from selling your current home, you'll need a mortgage to cover the difference. The trading up mortgage is used to finance the additional amount required.

Qualifying for the Mortgage:
The approval process is similar to getting a mortgage for your first home, but the lender may take into account the equity you have in your current home.

Existing Mortgage:
If you still have an existing mortgage on your current home when you're ready to move, you'll need to consider what to do with it. You might sell the home and use the proceeds to pay off the existing mortgage, or you may consider converting it into a rental property.

Budgeting:
It's crucial to have a clear understanding of your budget, including not only the mortgage payment but also property tax, insurance, maintenance costs, and any other expenses associated with your new, more substantial property.

When considering a trading up mortgage, it's a good idea to consult with a financial advisor who can help you navigate the process and make sure that your finances are in order.

Buy to Let Investment Mortgage

An investment mortgage, often referred to as an "investment property mortgage" or "Buy To Let mortgage," is a type of mortgage loan that is used to purchase real estate properties with the primary purpose of generating rental income or capital appreciation. These properties are not intended for personal occupancy but are acquired as investments to generate a return on investment.
Here are some key points to understand about investment mortgages:

Property Type:
Investment mortgages are typically used to finance the purchase of residential or commercial properties.

Interest Rates:
Interest rates for investment mortgages can be higher than those for primary residence mortgages.

Down Payment:
Lenders usually require a higher down payment for investment properties compared to primary residences.

Rental Income:
Lenders may consider the potential rental income from the investment property when evaluating your ability to repay the mortgage.

Long-Term Strategy:
Consider your long-term investment goals. Are you looking for rental income, capital appreciation, or both?

Property Financing Options:
There are various types of investment property mortgages, including fixed-rate, variable-rate, and interest-only loans. Choose the one that aligns with your financial goals and risk tolerance.

Investment mortgages can be a sound way to build wealth and diversify your investment portfolio. However, they require a different set of considerations and financial planning than primary residence mortgages. It's advisable to consult with financial advisors to ensure that your investment aligns with your financial objectives.

IMS Mortgages

Why come to us for your mortgage

SERVICES

First Time Mortgage Buyer

Mortgage Switcher

Self Build Mortgage

Trading Up Mortgage

Buy to Let Investment Mortgage

Our mortgage advisor will:

WHERE YOU CAN FIND US

Clonmel

8 Sarsfield St Clonmel Co.Tipperary
052 6121471

Galway

200 Upper Salthill Rd
Galway
091 395232

Kilkenny

5 Ormonde Rd Kilkenny Co.Kilkenny
056 7756122

IMS Mortgages

Why come to us for your mortgage

SERVICES

First Time Mortgage Buyer

Mortgage Switcher

Self Build Mortgage

Trading Up Mortgage

Buy to Let Investment Mortgage

Our mortgage advisor will:

WHERE YOU CAN FIND US

Clonmel

8 Sarsfield St Clonmel Co.Tipperary052 6121471

Galway

200 Upper Salthill Rd Galway 091 395232

Kilkenny

5 Ormonde Rd Kilkenny Co.Kilkenny056 7756122

8 Sarsfield St Clonmel Co.Tipperary
052 6121471

200 Upper Salthill Rd
Galway
091 395232

5 Ormonde Rd Kilkenny Co.Kilkenny
056 7756122