New Products

Top Ups

If you need to release further equity in your family home to consolidate loans or do some much needed home improvements we can now offer this facility to existing Start Mortgages Customers, whether or not you are customers of Mortgage House.

Debt consolidation

This is a great way of reducing the cost of all your short term debts such as credit union loans and credit card bills by consolidating your loans into your mortgage over the longer mortgage term and at the lower mortgage interest rates. Credit Union interest rates average around 12% and Credit card interest rates around 20% rising to as high as 29%, so the mortgage rates offered are very attractive at 5.5% to 9.15% depending on your credit rating. It can free up your monthly cash for living costs saving you hundreds of euros every month and remove the stress and worry of arrears and revoked credit cards in the process.

Home Improvements

If you wish to do some much needed home improvements and cannot get short term funding from banks because of your credit status, you can release the equity you have in your home, by increasing your mortgage to cover these costs at the same low interest rates offered on your main mortgage.

Self Certified

PAYE and Self Employed can now Self Cert. Paperwork is limited and approval can be instant in business hours.

Residential Investment Properties

A Residential Investment Property is defined as a domestic type house/apartment for onward rental as 1 unit.

We can now offer RIP loans to existing and new customers who are credit impaired or fall into non mainstream lending categories because of Irregular Income, Recent Self Employment, Non-National Status etc.

This Mortgage is arranged on a stand alone basis with no cross security against your family home and no income other than rental income taken into account to establish affordability

Interest Only

Interest only options are now available for the full term of your mortgage regardless of your credit status.  This can help you free up cash for living costs especially at the high interest rates currently on offer and with further interest rate hikes on the horizon.

With an interest only option you only pay the interest on the loan repayments and nothing off the balance of the loan, so your mortgage amount remains the same for the full term of the loan.  This means that at the end of the mortgage term you will have to find a way to clear the mortgage in full or sell the property to do so.

Warning

This option is only advisable in extreme circumstances and we encourage customers to return to capital repayments as soon as it is economically possible for them to do so.  We offer information on all the options available to you and will help you make the right decisions for you, and your individual circumstances.