IMS Financial Services Ltd

17/01/2024

You are just one click away from making that dream home a reality https://imsfinancial.creditlogic.io/register

20/12/2023

Our offices will be closed from Friday 22nd December 2023 until 3rd January 2024. Our online application system will remain open over the festive period. Apply online https://imsfinancial.creditlogic.io/register

19/12/2023

A very merry Christmas & prosperous New Year to all our clients & friends from the IMS Financial family.

19/10/2022

There has been a lot to unpack today as the central bank make sweeping changes to mortgage lending. We'll try to outline what this means.

1. First time buyers will be able to borrow up to four times* their income from January 2023. A borrower on €50,000 per year will be able to borrow €200,000 in place of €175,000 but will still need a 10% deposit.
2. Second and subsequent buyers will still be restricted to 3.5 times their income but from the reading if they are moving to a new home will need a 10% instead of 20% deposit. A borrower on €50,000 per year looking to purchase at €175,000 would need a deposit of €35,000 under current rules but under the new rules that would be €17,500.
3. First time buyer definition is to be expanded to include divorced, separated or undergone bankruptcy/insolvency when they no longer have an interest in the previous property. A first time buyer getting a top-up loan or re-mortgage with an increase in the principal may be considered 'First time' if the property remains their primary home.
4. Mortgage exceptions will be reduced from 20% to 15% meaning lenders will have to reduce the number of exceptions to the income limit they can issue per year.

*These changes make no mention of lenders requirements such as Net disposable income (NDI) which is all your expenses deducted from your income. While on paper you may qualify for 4 times your income your NDI might not allow this level of borrowing.

12/07/2022

A lot of questions are coming in about the First Home Scheme. Follow the link to a document setting out what the scheme is and how it works. If you have any queries please contact IMS Financial.

07/02/2022

Some fantastic news for homeowners. Along with mortgage rates as low as 1.95% it's a great time to consider your mortgage choices.

State to contribute half of cost of insulating homes up to high BER rating of B2

19/01/2022

With rates as low as 1.95% now is the time to lock down your mortgage rate. We can make it as easy as a few clicks. Apply online today at imsfinancial.ie.

We are Ireland’s best Mortgage and financial advice company. IMS Financial for all your financial needs

10/11/2021

Homeowners are saving on their mortgage by switching. If you are interested in switching give us a call and we would be more than happy to talk you through the process. 🏡🏠

This represents the highest annualised level of switcher approvals on record, according to the Irish Independent Doddl.ie mortgage switching index.

14/04/2021

Considering a mortgage but don't have the time to meet with an advisor? or maybe you are cautious about COVID. We have the solution. Apply online for your Mortgage today.

28/01/2021

Are you buying or building a property with a high level of energy efficiency? You may be eligible for a discounted fixed rate where the property you are buying or building has or will have a Building Energy Efficiency Rating (BER) of A3 or better.