Mortgages

Mortgages You Can Trust

Borrow between €40K and €500K

Talk to Core Credit Union today

 

Buying a property is a stressful time. What to buy (and where)? How much to bid (and when)?  When you’ve finally found what you’re looking for and you need a mortgage, you want to deal with a lender you can trust.

A mortgage from Core Credit Union is unique in so many ways.

  • The security of a fixed rate with benefits usually associated with a variable rate,
  • No early repayment fees or charges,
  • Pay extra amounts or lumpsums off whenever you please.
  • As a member owned financial cooperative, local savings creates our funds for loans and mortgages.

Details:

  • Borrow between €40K and €500K
  • Max term is 35 years depending on age of applicant up to age of retirement
  • Rate of Interest is 5% fixed for the duration of the mortgage.
  • Assessed on 3 times gross income, outgoings and previous credit history.
  • Debt to Income – our guideline are 38%
  • Max finance is 70% of market value of the property (30% deposit is required)
    Documentation required when applying for a mortgage
  • If PAYE 3 month’s payslips for all income
  • If self-employed – last two years tax return (Form 11 & Chapter 4). Last 2 years set of accounts & Tax Clearance Certificate.
  • 6 Months personal current account statements (showing ren t if applicable)and business current account statement if self employed
  • Identification – Passport/Driver Licence and utility bill confirming address.
  • Confirmation of balance of funds e.g Gift letter, saving account showing savings.

What you need:

 

Employment Requirements

Employees must be in permanent employment for more than 6 months and have successfully completed their probationary period

Self-Employed must be self-employed for a minimum of 2 years

 

Documents Required

Employees

3 Months up to date consecutive payslips 6 months bank statements of all bank accounts

 

Self-Employed

2 years set of financial accounts certified by accountant 6 months bank statements of all personal bank accounts
Confirmation of your tax position from your accountant 6 months bank statements of all business bank account
Last 2 years Tax Returns i.e., Chapter 4 & Form 11. Tax Clearance Certificate

For an appointment to speak to one of our Loan Officers please complete the contact form below or if you have any specific Mortgage query, please email members@corecu.ie or you can also call: 01 272 5600