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You've just seen your dream home - a three-bed semi, ideally located and in beautiful condition!
But don’t rush in to bid the asking price just yet, because buying or building a home is the biggest financial decision of your life.
Research is crucial when it comes to ensuring that you know your ‘Capital’ from your ‘Cashback’ - not to mention the correct checks to run on a property prior to purchase so that your perfect house delivers on the basics as well as the dream...
Buying or building your home is a goal for most of us, but it can be a daunting task, so whether you’re a financial whiz kid who’s done their homework on the property market, or a complete beginner hoping to pick up some basic tips, it’s an excellent idea to take the opportunity to talk to the wide range of experts at the upcoming EBS First Time Buyers Seminar.
This event, which aims to guide would-be purchasers through the long and often complicated process of buying or building their first property also sets out to provide expert insights into the current property market, to help people to decide if now is the right time for them.
And it’s all happening at the Rochestown Park Hotel in Cork on Thursday May 2. Tickets can be booked here.
The evening begins at 5.30pm with refreshments, followed by the seminar itself, which runs from 6.30 pm to 8.30 pm and promises to cover the main aspects of buying or building a new home.
During the evening an expert panel - comprising a Mortgage Master, an architect, and an auctioneer - will be on hand to advise prospective home-owners on all the different issues involved in what is often a very complex process.
EBS Mortgage Master, Jeremy O’Sullivan from EBS Douglas will be speaking about the process of financing your property with an EBS Mortgage.
Jeremy will cover everything from the Approval in Principal process, which is an essential part of preparing to buy or build a home and becoming mortgage-ready, to drawdown and the unique features of an EBS Mortgage.
Meanwhile a range of tips on how to go about buying or building your first home will also be available from the expert panel on the night, which comprises Andrew O'Brien of Andrew O'Brien Architects Ltd who will provide advice on everything from design to planning applications, and auctioneer:Adam Ferguson of Daft.ie who will discuss the current property market in Cork and what potential buyers need to do to maximise their chances of purchasing a property.
Members of the audience will also be able to avail of an interactive Question & Answer session with this expert panel of guest speakers, while a team of EBS Mortgage Masters will be available to meet with people on an individual basis during the night.
Finding the right mortgage can be a confusing process - there is currently, for example, a wide range of options within EBS for different mortgage applicants. Each product has its own unique features, and the range offers everything from a self-build mortgage to the first-time buyers’ mortgage.
EBS currently has a Fixed Interest rate of 3% (3.70% aprc) which can be fixed for up to five years and also offers 3% back in cash on the drawdown of your mortgage. Information on the company's very popular mobile mortgage expert advice facility will be made available to the audience during the seminar.
“EBS d.a.c has been helping people achieve their dream home since 1936,” said Kate Gibbons, Branch Manager, EBS Clonakilty.
“This event will demonstrate our knowledge, skills and mortgage mastery. We will have an expert panel of various skilled professionals speaking on the night. For anyone buying or building a home, this event is a must.”
For more information on the 3% back in cash offer click here.
For more information on the EBS Low fixed rate click here.
Warning: If you do not keep up your repayments you may lose your home
Warning: If you do not meet the repayments on your loan, your account will go into arrears.This may affect your credit rating, which may limit your ability to access credit in the future.
Warning: The cost of your monthly repayments may increase
Warning: You may have to pay charges if you pay off a fixed-rate loan early
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
Lending criteria, T&Cs apply. For eligible customers 2% will be paid into your current account. Additional 1% paid on the 5th anniversary of the EBS mortgage. Offer available until 31st December 2019. A typical €100,000, 20 year mortgage for an Owner Occupier Residential Property with loan to value (LTV )greater than 80% will have a variableinterest rate of 3.7% and annual percentage rate APR 3.8%, and 240 monthly repayments of €590.29. If the APR does not vary during the term of the mortgage, the total cost of credit i.e. the total amountrepayable less than the amount of the loan would be €41,884.48 (inclusive of valuation report fees of €215.00). The total amount repayable would be €141,884.48. The effectof a 1% increase in interest rates for such a mortgage will add €53.21 to the monthly repayments.Note: The above notice in respect of adjustments to repayment rates will not apply during any period when the loan is at a fi xed rate. If you or your dependants intend to use theproperty as a principal place of residence, you must show evidence of mortgage protection insurance, unless you are exempt under the Consumer Credit Act 1995. Maximum LTV of Owner Occupier Residential Properties - 90% of purchase price for first time buyers or valuation whichever is lower and 80% loan to value on one bedroom properties. Lending levels aresubject to monthly repayment burden, typically not exceeding c. 35% of borrower’s disposable income and will vary according to individual circumstances. Mortgage loan requestsare considered on the basis of proof of income, financial status and demonstrated repayment capacity (including capacity to repay at higher interest rates). Loans not available to people under 18. Mortgage loans are secured by a fi rst legal mortgage/charge over your property. The property must be within the Republic of Ireland.
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. & EBS Mortgage Finance are regulated by the Central Bank of Ireland.