Buying at auction: Are there deals to be had?

26Oct

Buying at auction: Are there deals to be had?

by MyMortgagesUncategorisedauction, auctions, buying at auction, cash buyer, First time buyer, mortgage, mortgage approval, mortgage ireland, online auction, quick sale

Characterised by sometimes unloved properties at knockdown prices, auctions can appear to be dominated by investors and cash buyers looking for an asset, not a home. A well-organised first-time buyer who can act fast and hold their nerve could get lucky, but there are challenges.

What’s the story

Properties listed for online auction sometimes have a back story. An online auction brings a quick sale and there is usually a good reason the vendor needs it. It could be that they, or their bank, need to cash out quickly. If there is an issue with rising damp, a sitting tenant or a niggle with the title, online auctions can attract more seasoned cash buyers with the experience and the resources to sort things out.

Source: https://www.irishtimes.com/life-and-style/homes-and-property/buying-at-auction-are-there-deals-to-be-had-1.4705548?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Flife-and-style%2Fhomes-and-property%2Fhow-to-get-a-good-deal-at-a-property-auction-1.4705548

28Jul

We’re hiring!

by MyMortgagesUncategorisedCovid 19 mortgage, mortgage, mortgage approval, mortgage approval process

Would you like to work with MyMortgages.ie? 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 MyMortgages.ie, 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

Administration Job-Spec MyMortgages.ie 070720 Download

24Jun

Are you unable to Secure Mortgage Approval Due To Covid 19?

by MyMortgagesUncategorisedCovid 19 mortgage, mortgage, mortgage approval, mortgage approval process

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:

18May

96FM Interview with Joey Sheahan

by MyMortgagesUncategorisedcovid-19, mortgage approval

Below is an excerpt from an interview with Joey Sheahan from MyMortgages.ie 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