New Homes: Essential advice on mortgages and finance

New home buyers have important decisions to make when considering their financial options. Conor Power looks at a range of financial choices open to buyers in the current Irish mortgage market

As a borrower, when you get your first year’s statement from the lending company, you might notice that the principal hasn’t reduced much. Don't worry, as you get towards the end of the mortgage term, the principal amount starts to reduce exponentially.

What kind of mortgage should I choose?

The number of mortgage types out there are many but there are very few people who choose anything but the normal, common-or-garden variety of mortgage, which is the Annuity Mortgage.