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You’ve finally reached that exciting moment: you’re ready to buy your home. But as soon as you start looking into mortgages, it hits you: different lenders, different rates, endless paperwork, and confusing terms. What should be a thrilling milestone quickly becomes a source of stress.
That’s where a mortgage broker can make all the difference. Think of them as your personal guide through the mortgage maze, someone who compares rates for you, handles the paperwork, and fights to get you the best deal.
In this post, we’ll break down exactly how a mortgage broker can help turn your home-buying dream into a reality, without the overwhelm.
What Is a Mortgage Broker?
In simple terms, a mortgage broker is a licensed expert who acts as a middleman between you and a wide range of mortgage lenders. Instead of going directly to just one bank, a broker shops around on your behalf, comparing rates, terms, and lending criteria to find the best mortgage for your personal situation.
Think about it: if you apply with Bank A and get declined, you have to start all over again with Bank B, new forms, new uploads, new delays. That’s a lot of time and stress. With a broker, you only need to submit your documents once.
From there, they handle everything, comparing offers from multiple lenders, submitting applications, and guiding you through the process from start to finish. They’re your mortgage matchmaker, problem-solver, and paperwork warrior all in one, helping you get the right deal with far less effort.
More Irish Homebuyers Are Choosing Mortgage Brokers
It’s clear that more Irish buyers are turning to mortgage brokers to help secure their homes, and the numbers prove it. In 2023, around 38% of home-purchase mortgages (by volume) and 40% by value in Ireland were arranged through brokers and intermediary channels.
By mid-2024, non-bank lenders, which largely operate through brokers, held 6.6% of all private dwelling home (PDH) mortgages, with a 15.7% year-on-year increase in the number of active PDH accounts.
That means nearly 4 in 10 homebuyers are now relying on brokers to guide them through the process, find better mortgage deals, and secure approvals that might be harder to get directly through a single bank.
We’ve helped thousands find the right mortgage. Now it’s your turn.
Why Choose a Mortgage Broker Over a Bank?
More Options, Better Deals
Banks only offer their own mortgage products. But a mortgage broker can access rates from multiple lenders, including exclusive deals that aren’t available to the public.
With LowQuotes, for example, we compare mortgage rates across Ireland’s top lenders, such as Haven, Avant Money, ICS, Permanent TSB, Nua, and Finance Ireland. That’s a real choice, not just a menu with one item on it.
Personalised Advice for Your Situation
No two buyers are the same. Whether you’re a:
- First-time buyer
- Self-employed contractor
- Buying with a gifted deposit
- Building your own home
- Switching to save on your current mortgage
A broker provides personalised advice based on your individual situation, not a one-size-fits-all approach.
You’ll Save Time (and Stress)
Gathering documents, chasing approvals, and deciphering terms can be painful. A broker takes this off your plate, managing everything from the initial paperwork right through to your final mortgage drawdown.
They’ll guide you through:
- Gathering the right paperwork
- Understanding your borrowing limits
- Navigating the Central Bank’s mortgage lending rules
- Coordinating with solicitors, lenders, and even your mortgage protection provider
How is the process to apply for a mortgage?
1. Enter your details
Your dedicated award-winning mortgage advisor will guide you through your application.
2. Digital Application
Log in to your digital application portal and upload all documents required. You can even sign digitally to make the process even easier and hassle-free.
3. Approval
Check your application’s status at your convenience. Indicative Approval in 72 hours after assessment.
Watch our online system in action
Watch how seamless and straight-forward Applying for your first mortgage is. In under 10 minutes you can complete your application. All with guided assistance from your very own dedicated Mortgage advisor.
Don’t Forget Protection: You’re Not Tied to the Bank
Getting your mortgage approved is a big step, but it’s only part of the picture. Lenders will require you to have mortgage protection (a type of life insurance), but here’s something many people don’t realise: you’re not obligated to take out that cover with your bank. Even if you got your mortgage directly through a lender, you have the right to shop around for better value, and often, much better cover.
At LowQuotes, we don’t just help with mortgages; we also compare the market for life insurance, mortgage protection, income protection, serious illness cover, and more. We’ll help you protect your home and your family in a way that fits your budget and your needs, not just what the bank offers.
Explore Our Mortgage Guides
Get a quote and see why more people trust us with their home journey.
Get a Mortgage Quote
Getting a mortgage is one of the biggest financial decisions you’ll ever make, and it deserves expert guidance. Instead of navigating lenders, rates, and paperwork on your own, let LowQuotes do the heavy lifting.
We compare the entire market to find the best deal for your unique situation, saving you time, stress, and potentially thousands of euros. With us, you’re not just securing a mortgage, you’re gaining clarity, confidence, and a trusted advisor by your side from start to finish. Ready to see your options? Get your personalised mortgage quote today.
We provide various financial services, such as life insurance, income protection, mortgages, serious illness cover, pensions, financial planning, health insurance, and savings & investments.
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All our content has been written or overseen by a qualified financial advisor. However, you should always seek individual financial advice for your unique circumstances.
