First Time Buyers and Switchers
Applying for a mortgage can be daunting experience, not knowing what documents you’ll need, how much you might be approved for, maybe unsure if you’ll be approved at all! Keenan Financial Planning aims to take the stress out of your mortgage application so that you can concentrate on finding the home that suits you.
We offer a full application service, from filling out the initial application forms, advising you on what documents to gather, to applying for mortgage approval and ultimately a loan offer. We communicate regularly with our client every step of the way, keeping you informed as to developments as they happen.
Unfortunately we do not provide advice on non-residential buy to let/holiday home mortgages.
We do not provide mortgages for self-builds.
We can advise you the feasibility of any proposed investment mortgage. A deposit of at least 30% is a typical requirement.
- Personal Investment
- Company Investment
- Pension Fund (subject to new criteria and limited mostly to PRSA pensions)
How much can I borrow?
Subject to the CBI limit, you borrowings will be a maximum of 3.5 times salary. However certain outgoings will reduce the amount you can borrow, such as;
1. Number of dependents
2. Childcare or any other significant financial commitments
3. Existing mortgage repayments
4. Existing monthly loan repayments
All of the above will reduce your repayment capacity which the lenders now stringently stress test. However I can guide you through the finer details prior to any formal application.
In certain circumstances, exceptions may be granted by the lender which can go outside of normal Central Bank criteria.