You should remember to budget for all the costs associated with purchasing a new property which may include:
When you have found your desired property and we have sanctioned your Mortgage you must choose a solicitor to act on your behalf. It is worth shopping around to get the most competitive quote available.
You'll need a valuation report, completed by an approved valuer from the AIB Residential Mortgage Valuers panel. The valuation report must be dated within four months of the date of the drawdown of funds, otherwise you maybe required to obtain a new valuation. AIB has agreed with the panel a fee of €150 for the initial valuation and €65 for any subsequent valuations should they be required.
For your own peace of mind it may be worth organising a structural survey of your property. This will ensure that there are no faults that may affect its value. However, a structural survey is not a Bank requirement.