is a Proud Partner of Avant Money

Avant Money (formerly known as Avantcard) launched today and confirmed its new mortgage products are now available to Irish customers, with fixed rate mortgages starting from 1.95%, by far the lowest rate in the market today.

The company has been providing credit cards and personal loans to Irish consumers for over twenty years. Avant Money is owned by Spanish banking group Bankinter, which also has operations in Portugal and Luxembourg.

We, at, are proud to announce that we are one of Avant Money’s partners and we are here to guide and advise switchers, movers and first-time buyers on the range of these new products.

Joey Sheahan, Head of Credit, and author of The Mortgage Coach says:

Avant Money’s entry into the Irish market is the best news for Irish mortgage holders. We have long seen European rates well below 2% compared to closer to 3% for Irish mortgage holders, and now, for the first time since before 2008, rates below 2% are available to homeowners in Ireland. It’s a once in a decade or maybe even 2 decade opportunity where a new lender enters the Irish market and reduces interest rates to this extent. We are delighted to be one of Avant Money’s partners and our advice to mortgage holders is now is the time to review their current mortgage, even if they have done so recently. A mortgage holder with €300,000 outstanding with 32 years remaining and Loan to Value of below 60% can save €158 monthly or €60,000 over the term of mortgage based on reducing interest rate from 2.95% to 1.95%”.

If you would like to talk to Joey about your particular situation complete the form below:


Would you like to work with We have 2 new positions open within our busy team.  Due to the continued growth of our business, we’re looking for Mortgage Administrators to join, one of Ireland’s most active Mortgage Brokers. The positions will be based in our Cork office.


The role of Mortgage Administrator involves:

Management of client applications for residential and residential investment mortgages.

Communication between lending institutions, valuers, clients.

General Administration as required i.e. filing, computer inputting, file upkeep, phone/reception etc.

Facilitating client and key advisor account requirements (solicitors, auctioneers, accountants, etc.).

Submit applications here 

View the full job spec here

MyMortgages are currently securing deals for people in your situation. 
If you would like to speak with Joey regarding your situation, fill out the form below: 

Shortlisted in Finance Category of Irish Content Marketing Awards 2020

Posted on 10Jun is honoured to be shortlisted in the Finance category of the Irish Content Marketing Awards 2020.

We’ll have to keep our fingers crossed until the 12th November, but in the meantime congratulations to the other finalists in the category Central Bank of Ireland, Aviva, Davy and Allianz Partners.

Click here to see contenders in all Award Categories.



Below is an excerpt from an interview with Joey Sheahan from on 96FM with PJ Coogan, discussing the possibility of getting mortgage approval while in receipt of Covid-19 state payments. See link below to hear the full interview.

‘…..Can you get a mortgage approved ? Yes you can. If your employer is on the Wage Subsidy Scheme or if you are on the (Pandemic) Unemployment Benefit, yes you will still get approved.

….You take a builder and somebody working in a bar earning €40, 000 a year each. They are currently both unemployed earning €350 a week, we can get approval for them based on their full wages. However, the bank will want them to produce a payslip later in the process before they release funds showing that they are back to work.

So yes, you still can get a mortgage approved. ……We have a number of banks that will approve on that basis’.

Click on the link below to hear full interview.

Source: 96FM 18th May 2020




Should I avail of a moratorium? Will it cost me more?

I believe that the demand for moratoriums will have reduced drastically this week following the Government’s announcement of the Covid 19 Wage Subsidy Scheme where Revenue will pay 70% of employees salaries up to a limit if €410 weekly (ie €1,775 monthly) and the increase in the Covid unemployment benefit to €350 weekly (ie €1,515 monthly) from €203. Given that it’s very difficult to spend money at present, most people should be able to meet their monthly financial commitments in the short term based on the above supports.

If you have been made redundant and cannot meet your monthly repayment, contact your bank immediately and apply for a moratorium it.

If you qualify but don’t need it, then don’t rush into it.. this choice can occur where somebody has been made redundant, has a mortgage repayment of say €1,000 monthly but may have savings of say €20,000. In this instance you can use €3,000 of your savings to pay your mortgage for 3 months. The reason why some people won’t avail of the moratorium is that if they wish to borrow again in the next couple of years, availing of the moratorium may go against them in terms of being approved for a new mortgage. As it stands most banks will want you to be making full repayments for 2 years after a moratorium before they will approve a mortgage. Also.m, a borrower will pay more interest in the long term.

For example a borrower has €350,000 outstanding with 32 years remaining and a variable interest rate of 3.15%. Monthly payments are €1,447.83 monthly. If they don’t make payments for 3 months they will pay an additional €2,651 interest on the 3 months deferred payments of €4,546 over the remaining 31 years 9 months.

Read the full article by Charlie Weston in the Sunday Independent here –

Q My job in catering has been lost as a result of the coronavirus. It’s a large company and we’re told the layoff is temporary. My mortgage is with AIB and they are offering a three-month payment holiday on the repayments. But I understand it’s another loan of sorts? Should I take it or continue to pay the mortgage out of savings? My wife is still working full time and we could afford to do this. The payments are €1,240 p.m. and we have 16 years left on the loan.

A The mortgage moratorium has been billed as a bit of a payment ‘holiday’. It is no such thing. All that will happen is the three months’ payments will be rolled up and added on to the end of your loan, extending out the term. This has the effect of rolled up interest too, so the sums should be done very carefully before you decide.

Joey Sheahan, author of The Mortgage Coach, says: “As your wife is still employed and you can afford to meet the monthly repayment, I would strongly advise to continue making it. If your wife was not working and you did not have any savings, then you may not have a choice but to avail of a payment holiday/moratorium.

“The word ‘holiday’ indicates a pleasant experience, however anyone who avails of a moratorium will ultimately pay more interest over the life of their mortgage as you are deferring repayments of €3,720 in your case. Additional interest of around €968 would be paid on €3,720 over 16 years, assuming an interest rate of say three per cent. Another factor in making a decision on this is if you are planning on applying for a new mortgage in the future (for example if you were to switch your existing mortgage or move house).

“Based on current credit policy, which each bank sets on its own, some banks may not approve your new mortgage application if you have availed of an alternative repayment arrangement (which would include a moratorium/payment holiday) within the two years prior to applying for a new mortgage.”

So, do your own sums, but also ask the bank to outline, specifically, in writing exactly what it will cost you before committing.

Ten years on from the last financial crisis, recession looms once … Our muscle memory is strong, and there are things you can do right now to ease your finances and your mind. … more interest in the long term, says Joey Sheahan of

If you have a rainy-day fund start eating into it now

We didn’t think we’d be back here again so soon. Ten years on from the last financial crisis, recession looms once more. But there’s a difference this time round: we’ve navigated these waters before. Our muscle memory is strong, and there are things you can do right now to ease your finances and your mind.
Keeping a roof over your head will be your biggest priority. With estimates that up to 350,000 people, or one in six of the working population, will lose their jobs as result of the Covid-19 pandemic, banks should be as worried about mortgage default as you are.

Ten years on from the last financial crisis, recession looms once … Our muscle memory is strong, and there are things you can do right now to ease your finances and your mind. … more interest in the long term, says Joey Sheahan of

Read the full article by Joanne Hunt in the Irish Times here –

Rates have continued to fall, so anyone paying more than 2.2% should have a rethink writes Joanne Hunt in the Irish Times.

Nobody wants to pay more for anything than they need to. Yet, if you are not considering the latest fixed-rate mortgage rates, that’s exactly what you might be doing.
Whether you are a first-time buyer, you are on a variable rate or you’ve already fixed, there are deals to be had. With fixed rates now ranging from 2.2 per cent, anyone paying more needs to ask themselves, and their lender: why?

Yet, if you are not considering the latest fixed-rate mortgage rates, that’s exactly … Some are switching lender to get a lower rate. … says Joey Sheahan of and author of The Mortgage Coach.

Read the full article here:

Irish homeowners are overpaying by an average of €3,480 on yearly mortgage repayments. Due to a large number of homeowners failing to change lenders to get a better deal.                                                                                                                                       A mortgage price war with AIB is raging. After rival banks KBC and Ulster bank also revealed reductions.                                                                                                                       Joey Sheahan expects things to heat up this year.

You can read more from the article here –

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