Top Mortgage And Property Experts Share Their Expert Advice For First-Time Buyers – blogwspace.com

Top Mortgage And Property Experts Share Their Expert Advice For First-Time Buyers

Becoming a homeowner is a truly monumental milestone in life, after all, buying a home is most likely the biggest purchase you’ll ever make.

Here at EVOKE, we believe knowledge is power and because we’re with you every step of the way in life, we’ve teamed up with AIB to bring you expert advice for first-time buyers.

Last month we hosted a brilliant event in the Morrison Hotel in Dublin and this month we are in Cork for an equally informative and insightful evening in the company of some of Ireland’s top property and mortgage experts.

The My First Home with AIB Cork event took place in The Imperial Hotel with a fantastic panel discussion led by RTE broadcaster Brendan Courtney.

My First Home with AIB event Cork
The My First Home with AIB event took place in the Imperial Hotel Cork

Brendan was joined by Ann O’Mahony Regional Director of Sherry FitzGerald Cork, fellow RTE TV presenter and founder of KMC Homes Kieran McCarthy and AIB Mortgage Advisor Jean O’Neill who shared their expert advice on the home-buying journey.

Speaking to EVOKE, Ann O’Mahony urged anyone preparing to apply for a mortgage to get organised as soon as possible.

‘Know what your budget is, get your finances in place and know what your spending power is,’ she advised.

My First Home with AIB event Cork
Ann O’Mahony Regional Director of Sherry FitzGerald Cork

‘Have your savings for your deposit and also keep in mind the costs that go with it like your stamp duty, your solicitor’s fees etc.’

AIB Mortgage Advisor Jean O’Neill echoed Ann’s sentiments, although she reassured EVOKE that people usually have their finances in better order than they might think.

‘As soon as you’re thinking about buying or building, make an appointment with a mortgage advisor who will go through the process with you,’ she enthused.

My First Home with AIB event Cork
AIB Mortgage Advisor Jean O’Neill

‘What we find is that customers are farther along the mortgage journey than they thought. They’re closer to their dream home.’

‘My advice is to set a savings goal,’ she added. ‘This will help you in many ways, like saving for your deposit. It’s very important when you are applying for a mortgage that you can prove the repayment ability for the proposed mortgage so be realistic and practical with those savings goals.’

For anyone buying a second-hand property, Kieran McCarthy of KMC Homes highlighted three crucial steps to ensure a stress-free experience.

My First Home with AIB event Cork
RTE TV presenter and founder of KMC Homes Kieran McCarthy

The first thing you need to do is to get an engineer’s survey to make sure the house is structurally sound,’ he noted. ‘And if it is, you need to take a look at a Building Energy Rating (BER) assessment to make sure it’s quite a good BER. Ideally a B or even a B2. ‘

‘If the BER rating isn’t great, you may have to do some retrofit work.’

Taking these steps will not only help you manage the project better, but it will also give you a better idea of how much money you have and if it’s a sound investment for you.

If you’re ready to begin the journey towards buying your first home, don’t hesitate to get in touch with the wonderful team of AIB Mortgage Advisors who will guide you every step of the way.

Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.



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