Where to find best mortgage deal?

B

bearaman

Registered User
Messages
49
Hi There,
Sincere apologies as I know this question must have been asked before but is there a page on AAM or any web site where I can find the best mortgage deal on that day? I want to avoid going through a mortgage broker but I'm finding it hard to figure out who's offering the best deal at the moment.
Your help would be appreciated.
Thanks,
Bearaman
 
You could try www.myhome.ie , [broken link removed] , or wait until Thursday and get the Irish Times Property Supplement.

Or call around to a few branches and see what is on offer-it will vary anyway depending on how much you want to borrow etc.
 
Why are you avoiding a broker? No charge as the bank generally pays and they will try find the best deals for you.
Found this [broken link removed]
Might be of some use.
 
I didn't want to use a broker but REA mortgage brokers were recommended by a friend so I'm just after getting my approval in principal through them and found them brilliant for getting the best rates and saves all the dealings with the banks. Plus Eddie Hobbs also recommended them!!!
 
Depends on what your looking for, switcher rates or FTB or Btl, either way Bank of Scotland Irl do the best rates for fxd & switchers
 
karlod said:
Why are you avoiding a broker? No charge as the bank generally pays and they will try find the best deals for you.
Click to expand...

Or the deal that gives them the highest commision?

No harm in talking to a broker, but I'd do my own research too, just to make sure I was getting the best deal.
 
What exactly do you mean by "best mortgage deal"? Lowest rate? Highest loan to value ratio? (These two could be conflicting goals). Best customer service? Widest choice of loan types/rates etc.? Best chance of getting a loan with credit history problems? Something else? Perhaps if you post more details about your specific situation and priorities then people might be able to post some useful advice? In particular your gross/net income, your target house price, any existing debts/savings etc.
 
If you've very little time on your hands I'd go to a broker...however the best deals nowadays are to be had by going directly to the banks. NIB for example who offer the cheapest tracker mortgages don't even deal with brokers. Some banks will offer you incentives (cash etc) but the key is to go with the cheapest option over the life of the mortgage as minor differences in the rate can equate to major differences in the interest repaid.
My own opinion is that brokers have had their day...if you take out a €300,000 mortgage and the bank are willing to pay the broker €3,000 for organising it the natural progression is to cut out the middle man and give you the €3,000.
 
And don't forget to shop around separately for the best deals on mortgage protection life assurance and home insurance rather than taking these from the lender which will often cost you more.
 
And don't forget legal fees, some brokers offer discounted legal fees which can save you thousands of Euro (if you like that sort of thing). Even if you go direct to a bank, shop around on the solicitor side.
 
NorfBank said:
And don't forget legal fees, some brokers offer discounted legal fees which can save you thousands of Euro (if you like that sort of thing). Even if you go direct to a bank, shop around on the solicitor side.
Click to expand...

Also beware of some of these discounted legal fee services, both those provided by mortgage brokers and companies which specialise in this.
In my experience they can be dodgy if the anything out of the ordinary occurs.
 
Z750 said:
Depends on what your looking for, switcher rates or FTB or Btl, either way Bank of Scotland Irl do the best rates for fxd & switchers
Click to expand...

When you say Bank of Scotland Irl - do you mean Halifax? Doesn't BOS-I deal more with businesses and landlords and Halifax is more for residential customers and personal banking?
Anyway - I am sure NIB have the best rates for tracker mortgages on LTVs under 80% . i.e a rate of 4.52 on an LTV of 60% , 4.56 on an LTV of 70%.
The Halifax rate is 4.75% for both those LTV ratios.
As stated by someone else - brokers won't mention NIB because they won't get commission off them.
 

No BOSI don't just deal with business/btls they deal with NORMAL mortgages aswell, all under the one roof of Halifax.
Bosi/halifax have a 1yr dis tkr rate which is handy, just go direct to bank its not much trouble and save u a bit, depending on the rate/product u choose you'll get teh €1k sols fees & €125 val fee
 
Thanks everybody. Some great info to chew on there. It seems there's a bit of a divide on weather to go direct to the banks or through the brokers. Here's my approximate situation:

Gross income: 45K
Savings: 60K
Target House Price: up to a max of 330K
No outstanding loans or credit card debt, credit history is clean
I'm a first time buyer

I don't want a 100% mortgage - would prefer 82% one.
Is HBOS still the best deal?
Thnaks,
Bearaman
 
For mortgages less than 80% LTV the best deal is from NIB, with their LTV mortgage.

The current rate is ECB+ 0.59% = 4.59%.

Could you save more, so as to take out a smaller loan?

[broken link removed]
 
If you are going for more than 80% LTV - PTSB have the best rate at 4.7%.
 
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