We understand that applying for a mortgage is a big step. Maybe one of the biggest you will make in your lifetime. We are here to help you with it, every step of the way.

There are a number of decisions you will need to make when applying for/obtaining a mortgage:

• How much should I borrow?
• Which lender should I borrow from?
• How long should I borrow for?
• Should I request a fixed or variable rate mortgage?
• Which type of mortgage protection cover is best suited to my needs?

Clear, Simple and Concise Advise

We are here to explain all of the choices available to you in simple, concise language, allowing you to make a fully informed decision.

We will guide you on the decisions you need to make, based on your personal and financial circumstances, so you won't have to second guess yourself.

The Best Mortgage Rate Available

At Symmetry Financial Management, we specialise in helping you source the best mortgage, specific to your requirements. We will work with you to help you obtain a mortgage and guide you through the mortgage application process from start to finish.

We will assess the wide range of lenders in the market, and provide you with a number of choices. We will also recommend the mortgage term, rate and lender that is most suitable for you and your goals.

We will also help you get the best rate on your mortgage protection insurance.We will also help you get the best rate on your mortgage protection insurance.

Speak to us now about our NO FEE* service on 01 683 1673 or click below to book an appointment with one of our team.

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Its core objective is to alleviate the financial burden on prospective homeowners by providing a tax rebate of up to €30,000 or 10% of the property value (whichever is the lesser), helping you to secure your initial deposit.

Tax Rebates

The Help to Buy Scheme offers a significant benefit for first-time buyers, providing a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid within Ireland over the previous four years. This refund, subject to legislative limits, is a crucial aspect for applicants to consider, as it directly impacts their financial planning and potential savings when purchasing or self-building a qualifying home.

Mortgage Eligibility Criteria

A critical eligibility requirement for the HTB scheme is that the mortgage availed must constitute at least 70% of the purchase price or the approved valuation in the case of a self-build. This requirement ensures that applicants have a substantial stake in the property, aligning with the scheme’s goal of aiding genuine first-time buyers in securing their homes.

To be eligible for the scheme, applicants:

• Must be first-time buyers purchasing or self-building a new residential property
• Must be tax-compliant
• Must live in the property for at least five years after its purchase or build
• Must not have availed of any house purchase grants or incentives previously
• Must utilise a qualifying mortgage lender and use a Revenue-approved developer or contractor

Speak to our impartial mortgage advisors about our NO FEE* service on 01 683 1673 or click below to book an appointment with one of our team.

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The First Home Scheme extends support to both first-time buyers and a specific group of property purchasers re-entering the housing market. The scheme sees the government and participating banks pay 30% of the selling price in exchange for a stake in the property. While new builds are the primary focus, second-hand homes will be considered in certain circumstances.

Shared Equity Structure

The First Home Scheme operates under the basis of ‘shared equity’. This refers to the FHS providing funds to homebuyers, in exchange for a percentage ownership (equity share) in the property. The FHS can fund up to 20% or 30% of the property’s purchase price, depending on whether the Help to Buy Scheme is used, and homeowners can buy out this equity share at any time, although there is no obligation to do so.

Service Charges

From the sixth year of ownership, if the equity share has not been fully redeemed, a service charge begins to accrue on the homeowner’s account with rates fixed at:

• 1.75% for years 6 to 15
• 2.15% for years 16 to 29, and
• 2.85% for the 30th year onwards.

Buy-Back Option

Homeowners have the option to redeem or buy back the equity share held by the Scheme in their property at any time. This buy-back can be partial or full, giving homeowners flexibility in managing their equity stake. However, it’s important to note that certain events, such as selling the home or refinancing, may necessitate the full repayment of the equity share.

The First Home Scheme: who is eligible?

• Applicants can be both first-time buyers and those who previously owned a property but no longer have a financial interest in it due to personal circumstances such as divorce or bankruptcy
• Applicants must be over 18 and should intend to occupy the property as their primary residence for at least five years after purchase
• The scheme does not apply to second-hand homes, except in cases where a landlord is selling the property the applicant is renting
• The purchased property should also meet specific value thresholds, with regional variations accounted for in these limits
• Applicants must be in a position to cover at least 10% of a deposit and draw down a mortgage with a participating lender
• Applicants must borrow the maximum amount available from their mortgage lender

Speak to us now about our NO FEE* service on 01 683 1673 or click below to book an appointment with one of our team.

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