First Time Homebuyer? Essential Insights to Embark on Your Property Journey

Embarking on the journey to buy your first home is a thrilling yet daunting experience. Understanding the process is key to making it both enjoyable and successful. Here’s a concise guide for first-time buyers to navigate the home buying landscape:

Understanding Homeownership for First-Time Buyers

Home Selection Factors: Considerations like location, price, size, and style are crucial in choosing the right home.

Benefits of Homeownership: It offers stability, security, and can be a valuable long-term investment.

Qualifying as a First Time Buyer

Eligibility: You’re considered a first-time buyer if you’ve never owned any property before, whether in Ireland or abroad. This includes land where a house is built, and also extends to inherited or gifted properties. For joint mortgages, both applicants must meet these criteria.

Exceptions: Circumstances like bankruptcy, insolvency, divorce, or separation might still allow you to qualify as a first-time buyer, subject to lender’s discretion.

Incentives and Schemes for First Time Buyers

Borrowing Capacity: Typically, you may be eligible to borrow up to 4 times your gross salary, with a maximum mortgage limit of 90% of the property’s purchase price, higher than the limit for second-time buyers.

Help To Buy Scheme: The amount you can claim is the lesser of 10% of the property value of a new home or of the approved valuation of the property, in the case of self builds or €30,000  or the amount of Income Tax and Deposit Interest Retention Tax you have paid for the four years prior to your application…this is  aiding in deposit accumulation.

First Home Scheme:  The First Home Scheme is a shared equity scheme , which can fund up to 30% of the property purchase price or build cost. Details available on www.firsthomescheme.ie

Making Your Dream a Reality

At Ezfees Financial, we’re dedicated to assisting first-time buyers in securing mortgage approval and starting their property journey. Your dream home, your family’s future, and your financial aspirations are our top priorities.

For personalised guidance on beginning your home buying journey, our team of expert advisors at Ezfees Financial Mortgage, Life & Pension Brokers is here to help. Contact us at 0818 910800 or send your queries to info@ezfeesfinancial.ie for expert advice tailored to your needs.

Business Owner Consultation

Your business is your baby, so it deserves protection. Our team of experts will guide you through informed decisions to provide tailored policies. Shield your business against unexpected setbacks and ensure stability, whether you’re a startup or an established corporation. We’ll create a financial plan that will guide the balance of your personal finances and your long-term business goals.

What’s in this for you? Discuss your business finances in confidence with trustworthy advisors to:
1) Create a money management plan to suit your business
2) Align your business and personal objectives
3) Get clarity and validation on your strategies from dedicated Financial Advisors committed to safeguarding your business finances
4) Be advised when you need to speak to Tax Advisors where relevant
5) Obtain guidance onto Owner/Director on Pension planning and legislation
6) Referral to a Life/Business Coach where relevant

Plan for your business’s long-term financial goals:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your business and your future

Investment Consultation

With low deposit rates and high inflation rates, savings and investment plans are appealing right now. We understand what it’s like to make sacrifices to accelerate your savings goals so you can achieve your dreams. That’s why we provide expert guidance so you can take charge of your future without sacrificing your valuable time.

What’s in this for you? Why you should consider savings and investment plans?
1) The potential for higher returns
2) Flexibility in the amount you save
3) Short, medium and long term options to suit your goals, amounts and terms to save
4) Investment options appropriate to suit your needs and goals

How you can save to secure your dreams:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Mortgage Consultation

Whether you are a first-time buyer, mover, switcher or looking to invest in a rental property, we have a mortgage solution to fit your unique situation. Over 60 and looking to release equity in your home to support your children, go on that dream holiday or pay off bills? We find the mortgage most suitable for you and your family’s needs and support you through the entire process. You’re guaranteed to find the best mortgage option for your financial needs and goals, with impartial advice and competitive rates.

Clear, simple, actionable advice for all your mortgage needs:
1) First time buyers
2) First Home Scheme/ Local Affordable Authority Scheme
3) Switchers
4) Home Movers
5) Investment Property
6) Self Employed
7) Contract Workers
8) PAYE
9) Lifetime Loan (over 60’s equity release)

How you can get started:
1. Share your journey with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Financial Planning Consultation

Secure your future and that of your loved ones beyond homeownership with life assurance, income protection and pension advice. Whatever your stage of life or money situation, our team of experts will help you make informed decisions to safeguard your financial future.

What’s in this for you? Planning your future, helps make your dreams a reality:
1) Start by creating a money management plan
2) Work with our dedicated Financial Advisors committed to safeguarding your future
3) Helping you get the guidance you need to achieve your long-term financial goals

Safeguard your financial future today:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your Financial Future