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Best place to get a mortgage these days?

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  • 10-08-2011 3:36pm
    #1
    jocotty
    Closed Accounts Posts: 338 ✭✭


    Hi,

    How do i know where is the best place to get a morgage for a house these days? And advice?

    I can get a morgage from the bank of ireland easily, as i banked with them all my life, and have a nice bit saved - but how do i know they are giving me the best rate?

    I am only looking for about 90k morgage.

    Anyone have any idea who is giving the best rated these days?

    Any advice would be much appreciated.
    Jo
    Tagged:


Comments

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    #2
    Victor
    Registered Users Posts: 78,365 ✭✭✭✭Victor


    Shop around, but realise that the banks don't have a whole lot of cash to be handing out.

    The best deal will likely go to someone offering the bank the best ability to re-pay and the best equity:mortgage ratio.


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    #3
    mari2222
    Registered Users Posts: 568 ✭✭✭mari2222


    The bank of Mom and Pop................?


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    #4
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    so many factors involved - first time buyer? LTV ratio, credit rating, etc.
    and it won't just be the rate, it will also be how much they'll loan you that will decide it for you


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    #5
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    mari2222 wrote: »
    The bank of Mom and Pop................?


    we dont all have that option unfortunatly!!?? Dont think id even want to anyway.


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    #6
    wyndham
    Registered Users Posts: 2,284 ✭✭✭wyndham


    jocotty wrote: »
    I can get a morgage from the bank of ireland easily, as i banked with them all my life, and have a nice bit saved

    Have you applied for a mortgage with BOI?


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    #7
    D1stant
    Registered Users Posts: 1,806 ✭✭✭D1stant


    All the banks have mortgage calculators on their sites. Research this yourself - unless you are going to take some strangers opinion as gospel?

    I took a mortrgage about 2 weeks ago. AIB was the best for me


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    #8
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    D1stant wrote: »
    All the banks have mortgage calculators on their sites. Research this yourself - unless you are going to take some strangers opinion as gospel?

    I took a mortrgage about 2 weeks ago. AIB was the best for me


    ok, thanks for that. i will do.


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    #9
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    wyndham wrote: »
    Have you applied for a mortgage with BOI?


    ya. waiting for reply,


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    #10
    Raskolnikov
    Registered Users Posts: 10,148 ✭✭✭✭Raskolnikov


    AIB, Bank of Ireland and NIB were the only ones that would entertain a reasonably competitive offer for me.


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    #11
    DrPhilG
    Registered Users Posts: 12,287 ✭✭✭✭DrPhilG


    How long does a mortgage take these days from application to approval?

    Does it vary depending on the lender?


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    #12
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    DrPhilG wrote: »
    How long does a mortgage take these days from application to approval?

    Does it vary depending on the lender?


    iv been waiting 2 wks so far, and no word - and only a small morgage.


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    #13
    DrPhilG
    Registered Users Posts: 12,287 ✭✭✭✭DrPhilG


    jocotty wrote: »
    iv been waiting 2 wks so far, and no word - and only a small morgage.

    Did you apply directly or through a broker/advisor?

    Which bank?


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    #14
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    DrPhilG wrote: »
    Did you apply directly or through a broker/advisor?

    Which bank?


    direct.

    BOI


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    #15
    DrPhilG
    Registered Users Posts: 12,287 ✭✭✭✭DrPhilG


    jocotty wrote: »
    direct.

    BOI

    BOI website says you should have a decision within about 3 days!

    I'd be in their ear by now.


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    #16
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    DrPhilG wrote: »
    BOI website says you should have a decision within about 3 days!

    I'd be in their ear by now.


    im in no rush.
    they can stick it if i dont get it!! :p


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    #17
    DrPhilG
    Registered Users Posts: 12,287 ✭✭✭✭DrPhilG


    jocotty wrote: »
    im in no rush.
    they can stick it if i dont get it!! :p

    Ah fair enough then!

    I'm in a huge rush. :(


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    #18
    magentas
    Registered Users Posts: 1,194 ✭✭✭magentas


    I was only waiting 2days for response from BOI and AIB. Same day response from EBS!

    Keep an eye on rates they're constantly changing and get best deal you can. Good luck!


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    #19
    mmc2010
    Registered Users Posts: 145 ✭✭mmc2010


    was it a yes or a no !!!


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    #20
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    magentas wrote: »
    I was only waiting 2days for response from BOI and AIB. Same day response from EBS!

    Keep an eye on rates they're constantly changing and get best deal you can. Good luck!


    where / how can i keep an eye on the rates? :confused:

    Jo


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    #21
    DrPhilG
    Registered Users Posts: 12,287 ✭✭✭✭DrPhilG


    I've had a no from ICS, high chance of a no from AIB and PTSB too. :(


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    #22
    mariaalice
    Registered Users Posts: 12,458 ✭✭✭✭mariaalice


    Try KCB, but don't go by what it say on their website re the amount you can borrow, I can nearly say for cretin it will be less that the website. Be meticulous with you paper work.

    good luck


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