Mortgage Advisor & Brokers
In Dublin, Ireland

At MortgageLine, we offer you access to various banks and mortgage lenders, ensuring you can compare options, rates, and terms efficiently. Our team of experts guides you through the complex mortgage procedures, providing personalised service tailored to your financial situation. This not only saves you time but often results in better rates and more favourable terms due to our access to exclusive deals. As the best mortgage broker in Dublin (as voted at HeyDublin.ie), we are also known for our services for first time buyers, remortgages, and many others.

We understand that moving homes is a significant transition, and managing your mortgage should be the least of your worries. As the most trusted mortgage advisor in Dublin, we help you whether you want to transfer your existing mortgage or need to find a new one that better suits your new circumstances. You can also contact us to discuss your borrowing capacity and begin your application through our secure online portal. 

Once you’ve secured your deposit and provided all necessary information, we’ll recommend the best mortgage lender for you and proceed with the application. If approved, you’re set to start house hunting, with most approvals remaining valid for up to six months and extendable for up to a year. After finding the right property, we will help finalise your application and secure a Formal Loan Offer, which your solicitor will need to proceed.

The First Home Equity Scheme offers the following key guidelines and requirements:

• Applicants must be first-time buyers over 18 and must secure mortgage approval from a participating lender. 
• The scheme requires a minimum equity share of either €10,000 or 2.5% or of the property’s purchase price, whichever is less.
• Maximum finance provided by the scheme can be up to 30% of the property’s purchase price.
• Participants can combine the First Home Equity Scheme with the Help to Buy scheme. When both schemes are used, the maximum equity stake that the First Home Equity Scheme will take is capped at 20%.

Here are several ways to substantiate your income according to guidance from MortgageLine:

• If self employed, you must provide detailed accounts to show your financial stability and income sources like profits and dividends.
• Submit business and personal bank statements to demonstrate your income and spending patterns.
• An employer letter and recent payslips can serve as direct evidence of income for those drawing a regular salary from a company. Even if you’re a sole trader without formal payslips, other documents can still outline your income streams.
• You must have a Revenue Notice of Assessment document that reveals your yearly net profit before tax, which is crucial for loan affordability checks.
• An official letter from your accountant confirming that your tax affairs are up-to-date can also support your mortgage application by providing assurances about your financial compliance and status.

It’s crucial to work with our mortgage brokers in Ireland, who understand the complexities of self-employed incomes.

Before remortgaging, consider the following key factors:

• Check for early repayment charges on your current mortgage, particularly within a fixed-rate period. These fees can be substantial.
• Understand that increasing your loan amount to release equity (e.g., for home improvements) will raise your monthly payments. However, these improvements also increase your property value and improve your loan-to-value ratio, potentially leading to better interest rates.
• Seek flexible mortgages, like payment holidays or the option to make overpayments. This is particularly useful if your financial situation changes or your fixed-rate term ends.

As one of the best mortgage brokers in Ireland, we can help you deal with these considerations effectively.

When purchasing a new property or remortgaging an existing one, it’s essential to deal with the legal complexities involved. This process, known as conveyancing, requires the expertise of a solicitor who will handle all legal aspects. Your solicitor will receive a loan offer and a legal pack from your mortgage lender. Once everything is in order, they will proceed to request and draw down the mortgage funds on your behalf. If you’re in need of a reliable solicitor in your area, don’t hesitate to ask your MortgageLine Adviser for recommendations.

Securing a mortgage approval generally begins with your phone call to our mortgage adviser, who can provide a preliminary estimate of your approval timeline. Generally, it takes about 10 days to confirm formal approval, but this can vary based on your specific circumstances and the details of your application. Once your application is submitted, we gain a clearer understanding of the time required for formal approval. Different mortgage lenders have varying processing times, with initial approvals ranging from 5 to 20 working days, depending on which lender we approach.