Mortgage Calculator Ireland

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Google Reviews

LowQuotes.ie

4.9

Based on 1422 reviews

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Theresa V.

We would just like to show our appreciation for the brilliant service & advise from Aoife Morgan.We are extremely happy with all that Aoife had to offer us i.e. the best quotations and available options.We are delighted with our choice, by getting all additional information needed, speedy feedback & all the value added from Aoife.Aoife are highly recommended, especially regarding her competency, efficiency & excellent communication skills.Thanks you very much & much appreciated.Theresa & Aubrey Staples

Rishi R.

I had the pleasure of dealing with Aoife Morgan regarding my life insurance, and I can confidently say she made the entire experience smooth, honest, and reassuring.She was incredibly patient throughout the process — never rushed me, always listened, and helped me understand all the options available. She guided me toward a life insurance plan that fits my budget, yet still gives my family solid protection for the future.Aoife also offered genuine advice and took the time to answer all my questions, even when I was unsure or needed clarity more than once.I truly appreciated her professionalism, kindness, and calm approach. I wish her continued success and prosperity — and would absolutely recommend her to anyone looking for insurance advice or support. She’s a real credit to her team and clients.Thank you, Aoife.

Joan S.

I found Shaun to be very helpful in answering all my questions and explaining everything to me.

Response from the owner: Hey Joan,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to answer all your questions and explain everything clearly. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Wesley S.

Bernadine was exceptionally helpful. She provided guidance and support at every stage of our mortgage application. I've already recommended her to friends and family, and would highly suggest anyone looking for a new mortgage, or to change an existing mortgage, reach out to Lowquotes.

Response from the owner: Hey Wesley,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to guide and support you through every stage of your mortgage application. We really appreciate you recommending us to your friends and family — that means a lot! If you ever need any further assistance or have questions in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

James K.

Aoife guided us all the way. Very informative along with her sunny disposition even though we were discussing life (death) cover. Will check in with her again when we need other cover.

Response from the owner: Hey James,We’re delighted to hear about your positive experience with Aoife. It’s great to know she guided you so well and made the process informative and pleasant, even when discussing something as serious as life cover. We really appreciate your trust and look forward to helping you again when you need other cover in the future.Best Regards,LowQuotes Team

Aoife O.

Niamh was very helpful and efficient. Made the whole process easier than expected and answered all questions thoroughly.

Response from the owner: Hey Aoife,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to make the whole process easier and answer all your questions clearly. We aim to make everything as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Caitlin C.

Colin was helpful, friendly, knowledgeable and professional. He made the process of applying for life insurance which I've been avoiding for months, a very simple, painless experience. I highly recommend asking for Colin if you're seeking similar cover.

Response from the owner: Hey Caitlin,We’re delighted to hear about your positive experience with Colin. It’s great to know he was able to explain everything clearly and make the process of applying for life insurance simple and stress-free. That’s exactly the kind of service we aim to provide!Thanks so much for your kind words and for recommending us—if you need anything else down the line, don’t hesitate to reach out.Best Regards,LowQuotes Team

Charlena M.

Colin was lovely to work with. Made the process very easy

Response from the owner: Hey Charlena,We’re delighted to hear about your positive experience with Colin. It’s great to know he made the process easy and enjoyable for you. That’s exactly what we strive for at LowQuotes!Thanks for taking the time to leave a review—if you ever need anything else, we’re just a call away.Best Regards,LowQuotes Team

Kirstie F.

There’s truly not enough words to describe how positive our experience was with Aoife. Getting into the discussion of life insurance, mortgage protection etc can be so daunting as a young couple, but having someone like Aoife talk us through and explain everything so throughly made that experience so much easier and comfortable. Her knowledge on these areas for someone of her age especially is outstanding and while covering sensitive subjects or situations she could not have been more reassuring or comforting. If I could give a 100 stars I would!

Response from the owner: Hey Kirstie,We’re absolutely thrilled to hear about your experience with Aoife. Navigating life insurance and mortgage protection can definitely feel overwhelming, especially as a young couple, so we’re delighted she was able to make the process clear, comfortable, and reassuring for you both.Aoife is a real asset to our team, and your kind words mean a lot—we’ll be sure to pass them on! If you ever need anything in the future, we’re always here to help.Best Regards,LowQuotes Team

Jekaterina M.

Absolutely amazing to have such a professional person as Aoiphe!!!!Fantastic job!!!

Response from the owner: Hey Jekaterina,We’re so pleased to hear about your experience with Aoife! She truly is a fantastic part of our team, and it’s great to know her professionalism made such a positive impression.Thanks so much for the lovely review—if we can help with anything else, just let us know.Best Regards,LowQuotes Team

nicole B.

We had a fantastic experience working with Neil. From the very beginning he was incredibly helpful, patient, and knowledgeable. All the information out there was very overwhelming, but Neil took the time to walk us through every step of the process, explaining all the details in a way that was easy to understand.What truly stood out was his genuine care and commitment to finding the best coverage for our needs and answered all our questions promptly and made sure we felt confident and informed before making any decisions. Neil's professionalism and friendly approach made the whole experience smooth and stress-free.We’re delighted with the service and would highly recommend Low Quotes to anyone looking for trustworthy advice and insurance and a reasonable price.

Response from the owner: Hey Nicole,We’re thrilled to hear about your fantastic experience with Neil! It’s great to know he was helpful, patient, and made everything easier to understand during what can often feel like an overwhelming process.Neil’s commitment to finding the best coverage and ensuring you felt confident and informed is exactly what we strive for at LowQuotes. We’re so glad he could provide that level of care and professionalism.Thanks so much for the lovely recommendation—if you ever need anything in the future, we’re just a message away.Best Regards,LowQuotes Team

Sean M.

Could not recommend enough!!Neil, who we dealt with made the whole process so simple and easy to understand.

Response from the owner: Hey Sean,We’re delighted to hear about your positive experience with Neil. It’s great to know he was able to explain everything clearly and make the process simple and stress-free. We aim to make everything as smooth and understandable as possible, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team

Luke

Craig was great to deal with throughout the process

Response from the owner: Hey Luke,We’re delighted to hear about your positive experience with Craig. It’s great to know he made the process smooth and easy for you. We always aim to provide a straightforward and helpful service, so your feedback is very much appreciated!If you have any questions down the line or need further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team

Allan H.

The service from Aoife at Lowquotes was exceptional and very thoroughI was kept informed at all times during the telephone application regarding progress and all the relevant financial facts. The entire process was made very easy and stress free - thank you so very muchBest wishesAllan HarrisGP West Cork

Response from the owner: Hey Allan,We’re so pleased to hear about your exceptional experience with Aoife. It’s great to know she kept you informed throughout the process and made everything easy and stress-free. Providing clear, thorough support is exactly what we aim for, so your kind words mean a lot.Thanks again for taking the time to share your feedback—wishing you all the best!Best Regards,LowQuotes Team

5 starsBernadine Day, you are always eager to help. Your service is impeccable!You were recommended by a friend and you didn’t fail. You delivered,above my expectations .Thank you Bernadine,Thank you LowQuotes.-Adetutu

Response from the owner: Hey Adetutu,We’re so glad to hear about your 5-star experience with Bernadine! It’s fantastic to know she exceeded your expectations and delivered such impeccable service. We’re proud to have her on the team, and we’ll be sure to pass along your kind words.Thank you for the lovely feedback and for trusting LowQuotes—we’re always here if you need anything!Best Regards,LowQuotes Team

Darlene D.

Cormac was a huge help in getting our policies set up. Very knowledgeable and friendly. We would absolutely recommend Low Quotes.

Response from the owner: Hey Darlene,We’re delighted to hear about your positive experience with Cormac. It’s great to know he was able to explain everything clearly and help get your policies set up smoothly. We aim to make the process as simple and supportive as possible, so your kind words mean a lot!If you ever have any questions or need assistance down the line, don’t hesitate to reach out.Best Regards,LowQuotes Team

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Your Questions Answered

What are the minimum requirements to apply for a mortgage in Ireland?

Applying for a mortgage in Ireland involves meeting specific requirements that may vary slightly depending on the lender. However, there are some common minimum requirements that most applicants will need to satisfy:

Age Requirements: Typically, you must be at least 18 years old to apply for a mortgage. The upper age limit for mortgage repayment is usually set so that the mortgage must be repaid in full by the time you reach 65 to 70 years old.
Income Requirements: You must have a steady, verifiable income. Lenders will assess your ability to repay the loan based on your income, employment type, and job stability.
Employment Status: Employed applicants should have a permanent job or at least be past their probation period. Self-employed individuals need to provide evidence of steady income, usually through tax returns or audited accounts for the last two to three years.
Deposit: You will need a deposit, typically at least 10% of the property’s purchase price for first-time buyers, and up to 20% for those who have previously owned a property.
Credit History: A good credit history is crucial. Lenders will review your credit report for any past defaults, missed payments, or other credit issues. A clean credit history can significantly enhance your eligibility.
Debt-to-Income Ratio (DTI): Your total monthly debt payments, including the prospective mortgage, should not exceed a certain percentage of your gross monthly income, commonly around 35%.
Property Value: The property you intend to buy must be appraised to ensure it provides sufficient security for the loan. The mortgage amount generally cannot exceed a set percentage of the property’s value (loan-to-value ratio).
Proof of Identity and Residency: Valid identification and proof of residency are required to comply with regulatory requirements.

These requirements ensure that borrowers are financially stable and likely to repay their loans, protecting both the lender and the borrower from entering into an unsustainable financial arrangement. Always check with specific lenders for their particular requirements and criteria, as these can vary and may be influenced by changes in financial regulations or the economic environment.

How will my Mortgage Application assessed by the lender?

In Ireland, lenders assess mortgage applications based on key criteria to determine your ability to repay the loan:

Income and Employment: Your income and employment status are verified through documents like payslips and tax returns. Stable, permanent employment is preferred to ensure reliable income.
Credit History: Lenders review your credit score and history to assess past debt management. A good credit history enhances loan approval chances.
Debt-to-Income Ratio (DTI): This ratio helps lenders evaluate whether you can manage monthly debt payments alongside your living expenses and the new mortgage.
Deposit and Loan-to-Value (LTV) Ratio: The size of your deposit affects your LTV ratio. A lower LTV ratio indicates lower risk to lenders.
Affordability Stress Testing: Lenders conduct stress tests to determine your ability to cope with potential financial changes, such as interest rate increases.
Property Appraisal: A professional appraisal ensures the property’s value matches the loan amount, securing the loan’s collateral.
Regulatory Compliance: Lenders must adhere to Central Bank of Ireland guidelines, which include limits on LTV and DTI ratios to promote responsible lending.

These assessments ensure that lenders provide mortgages responsibly while considering the borrower’s financial stability and the economic environment.

What types of fees are associated with a Mortgage in Ireland?

When obtaining a mortgage in Ireland, several types of fees and charges can arise during the process. Understanding these fees can help you budget more effectively and avoid surprises. Here are the common types of fees associated with a mortgage in Ireland:

Booking Fee/Application Fee: Some lenders charge an upfront fee when you apply for a mortgage. This fee can sometimes be non-refundable, even if the mortgage doesn’t proceed.
Valuation Fee: Before a mortgage is approved, the lender will require a professional valuation of the property to ensure it provides adequate security for the loan. This fee is paid to a valuer accredited by the lender.
Legal Fees: You will need a solicitor to handle the legal aspects of the mortgage transaction, including conveyancing, examining the title of the property, and ensuring that all legal requirements are met. Legal fees can vary widely based on the solicitor and the complexity of the property transaction.
Surveyor’s Fee: It’s often advisable to have a surveyor inspect the property to check for structural issues. This is separate from the valuation and is particularly recommended for older homes.
Stamp Duty: This is a government tax paid on homes costing above a certain amount. The rate of stamp duty varies depending on the value of the property.
Land Registry Fee: Fees are required to register your ownership of the property with the Land Registry.
Mortgage Protection Insurance: This insurance covers the balance of your mortgage in the event of your death during the mortgage term. While not a fee to the lender, it is a cost associated with securing a mortgage and is usually a requirement.
Arrangement Fee: Some lenders charge a fee for setting up the mortgage. This can sometimes be added to the mortgage balance.
Early Repayment Charges: If you pay off your mortgage early or overpay beyond allowed limits, you may be charged a fee, depending on the terms of your mortgage agreement.
Exit Fees: Some lenders may charge a fee if you switch your mortgage to another lender.

Understanding these fees and including them in your overall budget when planning to purchase a property is crucial, as they can add a significant amount to the overall cost of acquiring a home.

What are the advantages of Having LowQuotes as my Mortgage Broker?

Choosing LowQuotes as your mortgage broker offers distinct advantages that stem from our commitment to tailored, client-focused service. We specialize in creating personalized mortgage solutions that align precisely with your unique financial goals and circumstances. Our team of experienced advisors is dedicated to ensuring transparency and clarity in all our interactions, providing you with not just advice, but a comprehensive understanding of your mortgage options. At LowQuotes, we leverage cutting-edge technology and systems to ensure efficient and effective management of your mortgage needs, aiming to secure the best possible deals and opportunities in the market. With our proactive approach and commitment to continuous improvement and innovation, LowQuotes is ideally positioned to help you navigate the complexities of mortgage procurement, making us a trusted and reliable partner in achieving your home ownership dreams.