Specialist Lending
Self Employed
Trying to get a mortgage when you are Self-Employed can be difficult. If you are self employed for 12 months or more, but do not have up to date accounts Money Options has the solution for you. Self certification provides the self employed with a facility to certify their own income without verification from an accountant. Lodgments made to your current account will be used by the lender to verify your income.
Bad credit/ Arrears status
Life does not always run smoothly, many people have experienced credit problems due to ill health, redundancy, business failure etc. Money Options will consider all types of obstacles.
- Late Mortgage Payments
- Mortgage Arrears
- Past Credit Problems
- Judgments(I More than 2 years old
- Revoked Credit Cards
- Repossessed Item
And will help you clean up your credit history and lift the financial worries.
Too Many Loans
Do you have too many bills? If yes, we can help. Did you know that by combining all your existing loans (mortgage, other loans, car, credit cards etc.) into one single loan you can significantly reduce your monthly repayments? There is no limit to amount of loans to be consolidated unlike some traditional banks.
Irregular/Contract Employment
Money Options will consider those who may work for
3/ 4 months continuously with a few weeks breaks between contracts.
Supplementary Income
Most people’s salary consists of a basic income and bonus/commission/tips/overtime. The traditional lender will only consider 10% of these additional earnings into consideration. Money Options specialist program will allow you to add your supplementary income up to the value of 40% of your basic income.
Divorced or Separated
Those who have been recently separated or divorced are often rejected by the traditional
lenders due to their martial status. Money Options specialist program will allow 100% of maintenance income in addition to other income allowing you to trade up, or refinance. Your maintenance payments must be evident in your current accounts and a separation agreement where necessary must be in place.
Non Nationals
If you are a non-national living in Ireland, you may have experienced restrictions when applying for a mortgage. As long as you have the right to live and work in Ireland -
- Min 2 years residency and Stamp 4 working for more than 12 months.
- Min 3 years residency and Stamp 1 working fro more than 12 months.
Contact one of our Specialist advisors today. who will discuss your individual needs and the options available to you.
WARNING:
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
WARNING: DEBT CONSOLIDATION MORTGAGES, THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN PREVIOUS LOANS. THIS MEANS YOU PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.
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