Making Cents: Don't delay if planning to buy a new home

For those thinking of buying a home the advice is to get started on the preparation work for a mortgage application at the earliest opportunity

The average three-bedroomed, semi-detached house was reaching sale agreed status after just six weeks on the market at the end of 2020. This was down from a 10-week average in June.

If your plans for 2021 include buying a new home, the advice from a Cork-based mortgage expert is to get organised and don't delay.

Joey Sheahan, head of credit at MyMortgages.ie, says 2020 was dominated by growth in the first-time buyer (FTB) and switcher market and there are signs this could continue to be the case the year.