Top Tips For Getting Mortgage Ready

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Organising your first mortgage can feel a bit frightening, but it doesn’t need to be. It’s all about knowing what you need, how much you can borrow and who can help you. Follow these top tips to make your dream of owning a home run a little smoother.

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Money, Money, Money

First things first, how much can you borrow? Use the handy AIB Mortgage Calculator to see how much you might be able to get. There are guidelines about how much you can borrow but your Mortgage Advisor can talk you through this.

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It’s Good To Talk

Drop into a branch, book a meeting  or request a call back with a Mortgage Advisor online, but whatever you do, chat to an expert who can make sure you’re off to the right start. Visit the AIB website for great tips about saving, house hunting and buying a home.

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What You Need

You will need your deposit, that’s 10% of the purchase price for first time buyers. Then you need to budget for extras like legal fees, valuation reports, stamp duty and surveys. There are things that can help like the Government Help to Buy incentive, which gives tax back to first time buyers purchasing a new home (check it out to see if you are eligible, every little helps).

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Nearly There

When you have your deposit, it’s time to make an appointment with us. We’ll then give you what we call Approval in Principle, which isn’t the official contract but means you’re ready to go house hunting. Remember when you’re applying that we will look at all your finances, so if you’re on the hunt for a home, it’s time to tidy up your spending and saving.


Once you’ve found your dream home, let us know and we’ll do all the formal things like getting your contract ready. Make sure you’ve a solicitor sorted, you’ll need them for everything you have to sign. You will need mortgage protection and home insurance to make sure you’ve everything covered but your Mortgage Advisor will put you in touch with an AIB Financial Advisor who can help with that but you can also look around for other providers.

Then you’re done, you’ve got the keys and it’s an occasion to pop a cork if you want.


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Book an appointment with one of our Mortgage Advisors today and start your mortgage journey.


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Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank in relation to the origination and servicing of mortgage loans and mortgages. Allied Irish Banks, p.l.c. and AIB Mortgage Bank are regulated by the Central Bank of Ireland