Julie & the team at Walsh Group are equipped with the necessary experience and skills to help you obtain your mortgage with your desired terms. We are dedicated to ensuring that the advice you receive is relevant to your mortgage needs, and that you choose the mortgage that best suits you.
Highly experienced and results-oriented mortgage & financial advisor with over 20 years of successful banking experience in Retail Banking.
My Role in Walsh Group is to provide clients with a high quality service and a stress free mortgage journey.
So, whether you’re a first-time buyer, planning on moving, or switching, I will be delighted to discuss your options with you. I am committed to establishing strong relationships with my clients by ensuring my advice and services always meet the highest standards.
Buying your first home will be one of the most important decisions you will ever make, both emotionally and financially. We help many buyers purchase their first property every year, and we can help you too.
As you begin your search for your new home it is always important to pay close attentin to how the lenders will view you application. The amount you can borrow is based on your salary, savings and the application you present to the lender. We have extensive experience in preparing and presenting successful applications to lenders in order to secure you the finance you want.
Why not complete our online enquiry form and speak to Julie who will contact you at a time convenient to you. We will then put you on the path to buying your first home.
Included in your mortgage search, we also advise on Mortgage Protection. This is the necessary cover required in the event of your death that can pay off the remainder of your mortgage. Buying a home can be a tense time, and at Walsh Group, we’re here to make it is as stress-free as possible.
At Walsh Group we can build your mortgage into your financial planning journey. Your financial planning journey is a holistic look at all of your finances from your mortgage to your pension, savings and investments.
Lending rules will limit borrowing in most cases to a maximum of 3.5 times gross income. This is not to say that you will qualify for this amount but rather that this will act as a cap. Borrowing limits also take account of the following:
Ensuring that you have a certain minimum level of money to cover the cost of living
Proving that you can afford the proposed repayments by reference to current spending and savings habits
In assessing a mortgage application the key consideration lenders look at is ability to service loan repayments. If you are a PAYE employee this means your guaranteed basic salary, some lenders will also include bonuses, overtime or other once off income.
In order to assess this, lenders review your current income and make estimations as to the likelihood of your income continuing into the future.
A mortgage is a long-term commitment. Most Lenders can only include your sustainable income when calculating the amount you can borrow. To show your sustainable income you will need to Provide 3 months’ payslips, & Salary Certificate signed and stamped by your employer . If you are self-employed, the lenders require 2 or 3 years Year End Financials, & Proof that that your Tax Affairs are up to date.
The Interest Rate is the actual rate at which interest is charged on the amount you borrow.
APR stands for Annual Percentage Rate (APR) which is the total cost of your mortgage over its term, taking into account both interest rate charged and other fees, as well as whether interest is charged monthly or quarterly.
A first time buyer will require a 10% deposit, A 20% deposit will be required for clients who are moving house.
An investor will be required to have 30% deposit,
With a fixed rate mortgage, your interest rate and monthly repayments are fixed for a set time as agreed between the lender and borrower.
Although a fixed rate means your repayments cannot increase for a set period of time, your repayments will not fall during the fixed rate period.
The Help-to-Buy incentive, also known as the Help-to-Buy scheme, is a Government tax refund scheme designed to help first-time buyers get the deposit needed to buy a newly built home. Borrowers can claim a maximum of 10% of the value of the property or €30,000 – whichever is lower.
Applicants must use MyAcount or ROS to apply for HTB online.
There are 2 stages to the online process:
**Applicants must draw down within 2 years of claiming,
Please contact Julie if you need assistance or have queries on
Help to Buy.
Home Plus are regulated by the Central Bank of Ireland and have been offering Equity Release products in Ireland for over a decade.
Equity Release can be a good way to unlock money tied up in your home if you are over 55. You can use the cash for anything you’d like from a holiday to helping the kids get on the property ladder.
Home Plus are the only provider of Equity Release Home Reversion products for people over 55 in Ireland, but are they the right choice for you.
If you want make sure you will have equity left in your home when you move out or die, home reversion beats lifetime loans. This is because the proportion of your home you are giving up is agreed up front. With lifetime loans the proportion of your home given up increases the longer you stay in your home.
With home reversion you sell a % of your home to release cash, but hold onto the rest and can live in the home till you permanently move out or die. Home Plus are the only current provider of home reversion products in Ireland.
Home Plus are the only providers of home reversion products in Ireland and have been in Ireland for over a decade.
They are regulated by the Central Bank of Ireland.
They are a sister company of retirement bridge in the UK who are the UK’s largest administrators of home reversion products.
Home reversion is a form of equity release where you sell a portion of your home to a provider in return for a cash free lump. In the UK home reversion makes up over 10% of the Equity Release market.
With a home reversion you can choose to either to just take the lump sum with no monthly payments or to increase the lump sum size ‘boosting’ by committing to make monthly payments.
Unlike with Lifetime Loan, the Home Plus Equity Release product caps the share of the property that you give up at the start. This guarantees that you will own the remainder allowing you to pass on a share to your family if you wish when you die.
The minimum lump sum is €50,000 with no maximum lump sum in theory as it depends on the value of your home. In practice the maximum lump sum you can receive is 70% of the current market value of your home which is then discounted depending on your age.
If you’re in your early 60’s then the discount on the lump sum is around 50%, as the provider expects their cash to be tied up in your home for quite a while.
If you are in your 80’s though you will get closer to the market value as your lump sum as the provider doesn’t expect you or their investment to be in your house for as long.
In actual fact the level of discount is set by the youngest resident on the deeds, as that is what will drive how long Home Plus will have to wait for the sale of your home.
Mary is 75 and has a house worth €700,000. Under the terms of the Home Plus home reversion, she is entitled to sell 70% of her home to Home Plus.
Her son John is looking to move house as the kids are getting bigger. Mary wants to help her son and decides to gift John €175,000. Mary sells 54% of her home to Home Plus to raise the €175,000 she needs to gift to John.
As the €175,000 is under the current parent /child CAT threshold amount of €335,000 there is no taxes involved and John can use the €175,000 plus a mortgage to buy a larger home.
To qualify for a home reversion
You must be:
The Property must be
As part of the home reversion agreement you have the option to buy back the share you sell to Home Plus at the market rate at any time. This can make sense if for example you decide to downsize your home at any point.
Your estate also has first option to buy back the share at the market rate from Home Plus after your death if they wanted to keep the family home.
If the option is not exercised the house will go for public sale with each party receiving their share of the proceeds on sale.
If you are thinking about a home reversion you don’t need to take it all out at once. By taking it out over time you can reduce the overall amount of discount to market value you receive.
There is no point in having cash from your home reversion sat in the bank not being used and earning no interest. So only take out what you need at each stage.
If you’re thinking of Equity Release it may make sense for you to talk to members of your family who may be affected.
There is obviously no legal reason you have to discuss your decision with them, but it can save some heartache when your decision to take equity release comes to light later on down the track.
Equity Release is a big decision and you should get advice and guidance through the process from a qualified financial advisor and a solicitor.
You will have to pay for a solicitor, with fees ranging from €1,200 to €2,500 depending on who you use. We recommend Colm O’Cochlain & Co who have a flat all in fee of €1,200 including VAT for equity releases with HomePlus, as they have the lowest fees, specialise in equity release arrangements and operate nationwide.
Please quote Walsh Group if you want to secure the best rate.
Equity release is growing in popularity if you’re over 55 as a way to free up much needed cash from your home and still continue to live there.
You can use it for yourself or to free up cash for your kids, often to help them get on the housing ladder. It is relatively costly compared to downsizing so you need to weigh the pros and cons of both.
If you do want to go ahead with equity release you should get qualified financial advice.
One of the two most popular ways to release equity is through a home reversion, the only provider of these in Ireland right now is Home Plus who are regulated by the Central Bank of Ireland.