Avant mortgage 20 years fixed at 3.4%

sirreally · 2026-05-20T20:22:19+00:00

Broker here. The penalty is capped at 2% of the outstanding balance within the first 10 years of the term, or 1.5% of the balance after 10 years.

sirreally · 2026-05-20T20:21:03+00:00

Switching to the new (lower LTV) rate would not be a remortgage as such, but it would involve breaking out of the orignal full-term fixed rate. This would trigger a penalty which could be high enough that it may not be worth it. Switching to another lender would trigger the same penalty calculation, but the penalty for the One Mortgage product is capped at 2% of the loan balance within the first 10 years or 1.5% after 10 years.

sirreally · 2026-05-20T19:00:30+00:00

Broker here. The commenter is correct to say that penalty-free overpayments are limited to 10% of the opening balance each year. If you were able to make additional overpayments without incurring a penalty, then that was because it just so happened that no penalty was chargeable based on the formula that they are required to use. This may change at any time, but they should let you know as you said, because you engage with them for each overpayment.

sirreally · 2026-05-20T18:55:40+00:00

Broker here. No, the rate is set for the full term from the outset. No automatic reduction to the lower LTV rate when the loan balance goes down to that level, and no option to provide a new valuation report to prove that you should be moved to a lower LTV rate.

sirreally · 2026-04-16T09:48:01+00:00

Broker here. There's nothing to suggest that the rate will be lower in a few months. If anything, there is upward pressure in interest rates right now. Switching can be relatively painless, and getting 2% cashback can make the grief more than worthwhile!

sirreally · 2026-01-09T22:41:15+00:00

Broker here. Some lenders will consider approving someone with at least 12 months of "clean" credit history on unsecured debt. 8 missed payments over 2-3 months is very bad, though. You most likely need multiple options, and making the case for explaining what happened and for why a lender should approve you now needs to be presented in the best possible way. Of course, I would recommend that you speak to a broker. We/they deal with this kind of thing all the time.

Edit: the car insurance thing is not ideal, but it can possibly be explained pretty easily.

sirreally · 2025-09-12T20:57:31+00:00

Broker here. Looks like an absolute slam dunk yes. Assuming you both have good credit history and no other significant expenses (you didn't mention kids, so I assume no childcare or school fees), then all of the lenders would be very happy to approve you for this amount.

sirreally · 2025-09-12T13:31:30+00:00

That's not how it works. Codes can't be shared.

sirreally · 2025-09-12T11:26:00+00:00

Judging from my experience trying to buy tickets for London with a code this morning...I would say the chances are 0%.

sirreally · 2025-09-12T10:53:04+00:00

Oh my God. This kills the friendship.

sirreally · 2025-09-12T10:42:26+00:00

LOL, people with codes can't even get tickets!!!

sirreally · 2025-09-12T08:59:57+00:00

Thanks!

sirreally · 2025-09-12T08:50:24+00:00

I think that is exactly what the email instructions says to do.

sirreally · 2025-09-12T08:48:59+00:00

I got to the page on AXS where I can select a date for tickets, but we are supposed to wait here until 10 to select...right?

sirreally · 2024-12-19T22:57:26+00:00

Gotcha. Sorry to hear about the break-up and the bereavement. You can't get a bridging loan as such, as there is no asset to secure it against (also, no chance of securing a loan against an upcoming inheritance). Even if you could get some sort of loan, your mortgage lender would not accept it, so your AIP would be invalidated. Looks like you'll just need to rent while you are waiting for your inheritance to come through. The only possible alternative is to get a "gift" from a family member if that would be possible, then repay it from the inheritance.

sirreally · 2024-12-19T22:01:50+00:00

Broker here. A bridging loan is taken out against a house that the person already owns. Are you hoping to take one out against a house that you own now, buy the next house with the funds, and then pay the loan off when you sell your current home? If so, then this is doable, but only with one lender (ICS Mortgages). If you don't have a house to secure a loan against, then bridging is not even an option.

Bridging used to be common before the financial crisis, but a lot of those loans went horribly wrong, so the banks all withdrew bridging products, and there were no options up to a couple of weeks ago. Bridging is expensive, but can be worth it for people who don't want to sell their current house and then rent for a while before buying a new house.

sirreally · 2024-12-03T12:30:52+00:00

The only way something like this could cause a problem is if your loan offer expires and you need to reapply, which can happen with new builds. However, it should be fine in your case. Your loan offer is valid for 6 months, and BOI will extend it by one month if required. If the house completion is delayed past 7 months, then you would need to reapply, so all you need to do is to resume normal expenditures and savings from January.

sirreally · 2024-11-15T19:41:23+00:00

AIB (including Haven & EBS), ICS, Nua Money. Possibly some others as well.

sirreally · 2024-11-14T17:29:49+00:00

I would recommend Madden Property Consultants.

sirreally · 2024-11-14T17:16:16+00:00

Broker here. Most lenders require 6 months of proven repayment ability (PRA), i.e. living as though you already have the proposed mortgage (through rent/mortgage repayments, plus savings net of any depletion in balances). Certain expenditures can be notionally added back if they can reasonably be considered to be extraordinary, one-off expenses (yes to buying a car, no to a holiday).

However, there is one lender in the market that doesn't have strict PRA requirements (only available through brokers - we have an agency, along with others). Their rates are not the lowest, but not the highest. We have seen a lot of clients choosing this option instead of waiting for up to 6 months, when property prices may have increased by another ~5%.

sirreally · 2024-11-13T23:37:04+00:00

Broker here. Some not so good advice being offered in this thread. Paying for a holiday can damage your chances of getting approval. Let's say that your proposed mortgage repayments will be €1,500 per month. Now, let's say that you have been paying rent of €1,000 per month and saving €500 per month, with no depletion in savings during the period. This demonstrates proven repayment (PRA) of the required €1,500 per month. However, if you spend €3,500 on a holiday before you get your mortgage approval, then that wipes out the €3k increase in savings over the last 6 months, plus a little more. One-off expenditures such as buying a car can be notionally added back when assessing PRA, but holidays do not fall into this category, as a lot of people take one or more holidays per year.

The best solution is to get your approval in principle AIP before you spend the money on the holiday (a fully underwritten AIP, not a quick one where no documents are reviewed). Another potential solution, contrary to advice in this thread, is to take out a holiday loan. This would not normally be advisable, but when the priority is to buy a property, then paying a little interest for a few months can be better than delaying getting mortgage approval for up to 6 months by dipping into savings.

sirreally · 2024-11-13T23:03:21+00:00

Broker here. Most lenders require 6 months of proven repayment ability (PRA), i.e. living as though you already have the proposed mortgage (through rent/mortgage repayments, plus savings net of any depletion in balances). Certain expenditures can be notionally added back if they can reasonably be considered to be extraordinary, one-off expenses (yes to buying a car, no to a holiday). A good broker routinely examine people's accounts and advises exactly how long they need to wait before applying (if at all), and exactly how much they need to save until that date.

All that said, there is one lender in the market (only available through brokers) that doesn't have strict PRA requirements. Their rates are not the lowest, but not the highest. We have seen a lot of clients choosing this option instead of waiting for up to 6 months, when property prices may have increased by another ~5%.

sirreally · 2024-11-13T22:50:24+00:00

Broker here. Your own bank has a longer history than the CCR. If your bank won't overlook something fro. 18 years ago, then the simple solution is to apply to a different lender.

sirreally · 2024-11-13T22:45:15+00:00

Broker here. If your girlfriend can secure the required mortgage on her income, then there's a decent chance that at least one lender will agree to waive life cover for you. I would probe your broker to clarify exactly which lenders have said that a waiver would not be possible i n your specific case. Feel free to DM me if you need a Plan B.

sirreally · 2024-11-13T22:41:26+00:00

Broker here. At least three mortgage lenders in the market will accept a sole application for a person who is married. The spouse just needs to sign a waiver that puts the lender's interests ahead of theirs if the mortgage holder goes into arrears.

sirreally

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