How do we bridge the gap to buy our home via the First Home Scheme? Q Hi Philip, can you tell me about the new scheme available that may help myself and my partner buy our first home? We earn €70,000 between us and we are first time buyers currently trying to secure a mortgage.
Why getting financial advice now on mortgage rates is important! Mortgage rates are shooting up and this has implications not only for day-to-day household budgets but it’s likely causing huge numbers of borrowers to struggle to pay their mortgages. This will not just affect those on tracker rates who, for the first time in
I’m worried about my mortgage repayments. What should I do if they rise? Q My mortgage repayment is rising all the time, it is beginning to cause me stress. When I asked my lender, I was informed I cannot fix the rate. I’m worried repayments will rise to a level I can’t afford. What happens
A colleague of mine has been out of work due to illness for the last two months and told me he is currently relying on social welfare, while he awaits recovery and return to work. This made me very nervous, as €220 per week would not even cover my rent, food, car loan, etc. What
New Year’s Resolutions – how to give your finances a thorough health check this January It’s still January but I wonder how many of us made and stuck to our New Year’s resolutions. Instead of committing yourself to some elaborate resolution, which may be all but impossible to keep, why not think about taking
15 reasons why you’re broke – and how you can fix it step by step By facing up to poor spending habits and setting yourself a budget you’ll find that not only does your money go further but you may even have some left over. 1. You don’t follow a budget Most Irish adults
“I’m going to remortgage so I can reduce my outgoings. Is there anything I should be aware of?” Switching mortgage can save you thousands and/or cut years off your mortgage term, but the temptation is there to spread the cost over extra years. Try to avoid paying off your mortgage in old age where possible
I heard interest rates are to rise this year and I’m worried about the increase costs now and in the years ahead. How can I cut my mortgage costs? This year, many of us will be thinking about ways to cut our regular outgoings. And for many, there’s no larger monthly bill than our
Q. I hear and see ads for Life Insurance all the time but don’t know how much cover I need or if I need any at all. Where should I start? – First you need to decide whether you really need life insurance then you need to find the right type. Once you get this
5 Major Mistakes To Avoid Making In The Mortgage Marketplace Your thinking, “Should I fix my mortgage now, switch to a new lender or stay on my current rate? I’m afraid of making a mistake and being stuck with a bad decision!” Well, the short answer is simple. Get advice from a financial broker. But