Profile of a typical Specialist Mortgage Customer

Those with irregular employment.
Very often such applicants are refused by prime lenders due to the fact that they have had various breaks in their recent employment history.

Those with significant supplementary earnings.
Many lenders only take a nominal amount of bonus and commission earnings, however, Start Mortgages considers 100% of such earnings.

Judgments, Ill Health, Bankruptcy, Unemployment
Many customers have experienced bad credit problems in the past due to ill health, business failure and unemployment. Setbacks such as mortgage arrears, judgments, revoked credit cards, loan arrears and foreclosed hire purchase and leasing agreements are not an impediment to mortgage approval with Start Mortgages.

Recent Immigrant Mortgage Applications
Provided such applicants have the right to live and work in Ireland, Start Mortgages will assess a mortgage application after only 3 months consecutive employment.

Divorce and Separation
Many people that have decided to separate are often rejected by other lenders because of their marital status. Start Mortgages considers 100% maintenance income in such cases.

Fees and Costs Involved in Subprime Mortgages
Start Mortgages currently charge a fee of 0.5% on the actual loan amount up to a maximum of €1,800, and such fees are approved by the Financial Regulator.
We as the Broker charge a flat fee of €500 for the mortgage transaction.

How long would it take to "repair" a bad credit mortgage rating?
The answer to this lies very much in the credit policies of the prime lenders. In effect their criteria will determine if and when a customer's credit profile has reached a satisfactory level along with their usual terms and conditions.

Warning: This loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.

Interested? Call John or Olive today on 061- 469 700
or click here to send us a message.

Start Mortgages Website