Some people think that due to the current credit crunch mortgages are not available at the moment. This of course is not the case. Mortgage funds are still plentiful, however most banks have cut back the precentage loan they will offer. The 100% First Time Buyer Mortgage is not available any longer except for affordable housing (based on no more than 80% of the open market value). The maximum now is 95%.
Re-mortgage finance is still available for up to 90% of the property value.
Free switching (i.e. no legal fee’s) is still available but generally for loans exceeding €200,000.
