15 May 2018
Posted in: First Time Buyer
Dublin may be heaven with coffee at 11, but the rental market leaves much to be desired. With rents on the up and up, buying a house is proving to be a financially astute decision.
You don’t have to take our word for it, though, just check out the handy mortgage calculator where you can calculate how much your mortgage repayments will be based on the size of the mortgage, the loan term, and the interest rate.
We’re comparing the median price and like with like – so a 2-bedroom house/apartment to rent or buy (using the EBS calculator with a 35 year mortgage loan term and fixed interest rate of one year.
A stone’s throw from the city centre, walkable to everywhere in town, and full of some of the best bars and restaurants in the city, Stoneybatter is a great place to be if you want to live in the beating heart of the city.
Do the maths:
Terenure has an awful lot going for it with great bus routes and its proximity to Rathmines, the town away from town. It’s also next door to Ranelagh, a foodie mecca, so it’s perfectly situated as it’s just far enough out of the city centre to not feel too busy, while still coming with all those urban benefits.
If you like to be beside the seaside, head to Clontarf. Serviced by both the Dart and a number of bus routes, Clontarf is the perfect spot for having the best of both worlds between the city and the seaside.
With both the Luas and several bus routes, as well as the Mill Theatre and Dundrum Town Centre, never mind nearby Airfield and Marlay Park, you’ll be spoilt for choice in lovely Dundrum.
More seaside, this time on the southside where you can walk the pier with your Teddy’s ice cream every day of the week if you want. You’re a grown up, you (almost) have a mortgage, you can do what you want!
Now that your appetite for a property has been well and truly whetted, here are some top mortgage tips to get you on that (not so elusive) property ladder.
If you’re thinking of buying, you’ll need to have the 10 percent deposit (for first-time buyers) saved up. Take advantage of special offers like the EBS 2% Back in Cash mortgage which gives you 2% back in cash on the value of your mortgage.
It can take a bit of time to get that deposit together, so while you’re diligently saving, make sure to get your documents in order. You’ll need:
Some of these things can take a while to get together, so get cracking.
If you’re thinking of applying for a mortgage you can avail of a 30 Mortgage Meeting with your EBS Mortgage Master.
If you want to open an EBS savings account, call 1850 654 321 or email email@example.com.
The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.
EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.
Repayment amounts quoted are for illustrative purposes only and do not constitute approval in principle or an offer of loan facilities.
EBS d.a.c. is an authorised agent and servicer of EBS Mortgage Finance (a wholly-owned subsidiary of EBS d.a.c.). EBS d.a.c. is regulated by the Central Bank of Ireland. EBS Mortgage Finance is regulated by the Central Bank of Ireland.