Buying at auction: Are there deals to be had?

Buying at auction: Are there deals to be had?

Posted on 26Oct

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.


We’re hiring!

Posted on 28Jul

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

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

Posted on 24Jun
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: 

96FM Interview with Joey Sheahan

Posted on 18May

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




Irish Indepedent: “Your Questions: How much can we borrow to allow us buy a bigger home?”

Posted on 16Apr

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