Checking credit scores or ratings seems to be a big thing in the UK – with several firms regularly advertising apps offering to check your credit score for free. Some of the UK names include Credit Karma and ClearScore Here in Ireland there are currently only two ways to check your credit rating or credit […]
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The first questions most people usually ask about getting a mortgage in Ireland are … How Much Can You Borrow ? How much of a deposit do you need ? How much will the monthly payments be? Mortgage lending criteria in 2021 are less strict for first-time buyers than they were in back in 2016.This […]
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A government-backed mortgage scheme – the “Rebuilding Ireland Home Loan” (RIHL) has been running since February 1st 2018. Some people call it the “affordable mortgages scheme” This RIHL provides mortgages at reduced interest rates to first-time buyers who have been refused a mortgage or were offered “insufficient” finance, by at least two lenders. (not credit […]
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A government-backed scheme to provide low-cost loans from Credit Unions was launched in 2018 . The loans are called It Makes Sense loans – and they provide small, low-interest loans for people on Social Welfare or State Pensions. Avoid Moneylenders if Possible The banks don’t normally lend money to people on social welfare or the […]
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There are regulations in place since 2015 , set up by the Irish Central Bank that set lending limits on mortgages in Ireland. These mortgage lending regulations first came into force in February 2015 and were amended slightly in January 2017 and in Jan 2018 .In December 2019 it was confirmed by the Central Bank’s […]
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