Refused a Mortgage Q & A

At Mortgage we understand that sometimes life is complicated. Many people these days can have a bad credit rating, often due to circumstances beyond their control. We have a panel of Specialist Lenders who can help you get back on track with a new sub-prime mortgage. Call us today to find out how you can get back on track.

Yes. We deal with Specialist lenders who can help get you back on track and repair your credit rating even if you are currently in arrears.

Yes. We deal with Specialist lenders who can help get you back on track and repair your credit rating even if you are currently in arrears.

Yes. We have a panel of specialist lenders who can help. You can Self certify your income which means you do not need two years audited accounts. Ask your MortgageLine Advisor about a Self-Certification mortgage.

We can get your new remortgage cheque issued in 2-3 weeks from your initial call. Your own dedicated MortgageLine Advisor will guide you through the process from start to finish

Our Quick Switch legal service will cost €999. This is free with selected Remortgages.

Everyone is different and each Mortgage Lender is also different. That's why it is important to speak to your MortgageLine Advisor about your new mortgage. We deal with all the main Mortgage Lenders and thus can advise you where the best deals are.

Capital & Interest

More commonly know as a repayment mortgage. This is the most popular type of mortgage. Over your agreed mortgage term you pay both the interest and the capital in full. As long as you keep your payments up to date then your mortgage will be cleared at the end of your agreed term.

Interest only

With an Interest only mortgage you elect to pay only the interest, the capital you borrow stays the same. This option is often chosen by Investors who intend to sell the property and pay off the mortgage at a future date. Interest Only mortgages have also become popular with First Time Buyers who want to keep their payments down in the first few years.

Current Account Mortgage

This type of mortgage combines your mortgage account with your savings or current account to reduce your term or your repayments. The balance in your savings or current account is offset against your mortgage and so reduces the interest you pay.

Fixed

With a fixed rate you can budget and know exactly what you will be paying for 1, 2, 3 or more years. MortgageLine can advise you of the best fixed rates on the market.

Variable

A variable interest rate moves up and down to reflect changes in the financial market. Each of the Irish Mortgage Lenders set their own variable rates. These standard variable rates normally rise and fall in line with the ECB (European Central Bank) Rate, however there is no guarantee that they will.

Tracker

A Tracker Rate is a variable rate with a guarantee to be set at a fixed percentage above the ECB base rate. For example if the ECB rate falls 1% your rate will reduce exactly 1%. The opposite happens if the ECB rate rises. In recent years Tracker rates have become more popular than Standard Variable rates because they offer better value for customers.

Discounted

Most lenders offer discounted rates. This will lower your repayments for the discounted period, normally one to two years. After the discounted period you will move to the lenders standard variable or tracker rate. If you prefer you could opt for a fixed rate after the discounted period.

Capped

These mortgages guarantee that your interest rate - and your monthly payment - will never go above a set figure within the capped-rate period. Below that set figure, the rate will move up and down in line with the European Central Bank rate.

Mortgage Lenders will normally contact your employer to confirm your salary and employment status but not without your permission.

If you take a fixed rate then there will be early repayment charges if you pay some or all of the mortgage off during the fixed term. You should check the charges before you sign your Mortgage Loan Offer.

Some mortgage lenders offer to pay some or all of your Legal fee's. However they claim these fee's back as an early repayment charge if you clear your mortgage within a specified timescale, normally 5 years.

Taking out a Mortgage Payment Protection Plan is a good idea. This type of insurance policy is also know as ASU (Accident, Sickness & Unemployment) Cover and can cover your mortgage payments for up to 12 months if you are unable to work due to an accident or illness. Ask your MortgageLine Advisor about Mortgage Payment Protection Cover.

Yes, we treat all your personal information with the strictest confidentiality.

Call us now on 1890 65 1890, request a Call-Back or Apply Online