Healy Doolan Financial Ltd

24/12/2024

Thank you to all who supported Healy Doolan Financial in 2024, we so very much appreciate your trust and your business. We look forward to 2025 with optimism and wish you and yours a very Happy Christmas and a healthy, peaceful and prosperous new year!
Justin & Mike

15/11/2024

Healy Doolan Financial Ltd are delighted to secure a direct agency with Avant for mortgage lending. We are proud to be Kerry’s first and currently only Kerry based mortgage intermediary bringing the Avant offering to Kerry customers.
Avant offer excellent fixed rates, and are the only lender to offer “one mortgage” which is a fixed rate for the full term of the mortgage!
Get in touch if you would like to see what Avant can offer!
[email protected]
Justin: 0879316654
Mike: 0876749450
www.healydoolan.ie
Healy Doolan Financial Ltd t/a Healy Doolan is regulated by the central bank of Ireland

16/05/2024

Thankfully it looks like rates did peak as we expected last winter….. with Ptsb dropping fixed rates of up to 1% after aib/haven/ebs and BOI recent drops, this is good news for borrowers and should open up value for customers to switch…..
fixed rate coming up?
On a variable rate?
In a tracker rate with a high margin?

Get in touch if you want a chat, no fee; no obligation, just info to help you make sense of it all!

Justin 0879316654
Mike 0876749450
[email protected]

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by central bank of Ireland

Mortgage interest rates 👇🏻

This graph shows how the European Central Bank (ECB) lending base rate has moved over the last 23 years. Of course, while tracker mortgages are directly correlated to the ECB base rate, the ECB base rate affects the cost of lending and therefore does impact mortgage rates in general. General consensus is that rates are possibly at a peak right now (or close to), so it’s a tricky time to have to make a decision on your mortgage rate.

If you have a mortgage, or getting a mortgage soon, the following may be questions on your mind:

Do you fix your rate?
If so, for how long?
Can you avail of a green rate?
Do you go with a variable rate? (Some variable rates are lower than fixed rates for first time in over a decade!).
If I have a tracker, do I “stick or twist”?

These are all valid questions, and quite confusing!

Bottom line :
If you need to get advice, get in touch! There is no fee, we have years of experience, can look at the market to ensure you get best deal - we are here to help.
Drop us an email or give us a call!

[email protected]
Justin 0879316654
Mike 0876749450

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by central bank of Ireland

24/01/2024

😍Love our new roll-ups 😍!

We are mobile, whatever works for you:

We can come to you, chat remotely/digitally, meet in our newly kitted out office, or come to your place of work if that’s what works for you.

With agencies with all the main life companies and mortgage lenders, we are delighted to chat to you to see can we help - there is no fee.

Please get in touch if we can help you:

[email protected]

Thanks to James @ sapphire signs for a great job 👏🏻

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by central bank of Ireland

09/01/2024

🚨🚨New years resolutions 🚨 🚨

⚫️ Is getting on top of your finances one of yours ?
⚫️ If our personal budget planner might be of use to you, please just drop me a message here or email:
[email protected] and we will be happy to share.

⚫️ No cost, just a simple budget planner on excel which can help get on top of monthly outgoings - we used this when we left salaried employment last year and found it very useful - we were almost surprised at some of the monthly outgoings 🙈

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by central bank of Ireland

23/12/2023

🎅🏼 🧑‍🎄🦌 A huge thank you to all those who supported us since we started Healy Doolan Financial in May 2023.

We are honoured to look after our customers and look forward to serving more of you in 2024.

Wishing you all a very Merry Christmas and a healthy and prosperous new year.

Justin & Mike 🎅🏼🧑‍🎄 🦌

15/12/2023

“Funded”.
A lovely word to see in writing when it means getting clients the keys to their new home before Christmas !

A great start to the weekend, and clients availing of a great green fixed rate to start off.

Mortgages: first time buyers, switchers, movers, Self builds, top ups, buy to let, we do them all, and helping customers on this journey is our passion!
If we can be of assistance- get in touch, no fee or obligation 🏠

Justin 0879316654
Mike 0876749450
[email protected]

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by the central bank of Ireland

23/11/2023

Mortgage interest rates 👇🏻

This graph shows how the European Central Bank (ECB) lending base rate has moved over the last 23 years. Of course, while tracker mortgages are directly correlated to the ECB base rate, the ECB base rate affects the cost of lending and therefore does impact mortgage rates in general. General consensus is that rates are possibly at a peak right now (or close to), so it’s a tricky time to have to make a decision on your mortgage rate.

If you have a mortgage, or getting a mortgage soon, the following may be questions on your mind:

Do you fix your rate?
If so, for how long?
Can you avail of a green rate?
Do you go with a variable rate? (Some variable rates are lower than fixed rates for first time in over a decade!).
If I have a tracker, do I “stick or twist”?

These are all valid questions, and quite confusing!

Bottom line :
If you need to get advice, get in touch! There is no fee, we have years of experience, can look at the market to ensure you get best deal - we are here to help.
Drop us an email or give us a call!

[email protected]
Justin 0879316654
Mike 0876749450

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by central bank of Ireland

03/11/2023

New client - new home 😀

Got this today from one of our first customers who trusted us with their home buying journey, it Means so much when customers think we did a good job!

If you need any help mortgage related, get in touch for a chat - it’s free with no obligation!

[email protected]
Justin 0879316654
Mike 0876749450

Healy Doolan Financial Ltd t/a Healy Doolan is regulated by central bank of Ireland

20/10/2023

Mortgages & Central Bank Of Ireland (CBI) Lending Rules:

A quick piece on CBI lending rules, of which many people are not aware of:
What are the Central Bank’s mortgage lending rules which were introduced in 2015 (and amended this time last year)?

Basically, these rules determine how much an applicant(s) can borrow for a mortgage – and set limits in relation to income and determine how much you need to have for a deposit to put towards the house purchase. There is no doubt that they were introduced on the back of the great banking/financial crisis of 2008, and are designed to ensure that lending institutions are responsible with their lending.

Outside of a lenders own policy and requirements, an applicant must first make sure they satisfy the CBI rules, of which there are 2:

1. Loan-to-income limit (LTI or “times income”)

Simply put, for First-Time-Buyers (FTB) this limits an applicant(s) borrowing “ceiling” to 4 times income for sole applicant or 4 times combined income for joint applicants. For second time/subsequent buyers, this limit is pulled back to 3.5 times.

2. LTV (Loan to Value) limits
Previously, the CBI required all second time/subsequent buyers to have at least a 20% deposit of the purchase price, which proved to be very difficult. With the 2022 amendments, this was reduced down to 10%, so now an applicant would need to have 10% deposit whether a FTB or not.

Can one “break the CBI rules”?

All rules can be broken 🤐 and these are no different - well not break them as such, but the CBI does allow for “some” exceptions to the rules. In a calendar year, 15% of mortgages that lenders give out to either first-time or second-time and subsequent buyers can breach the income limit or deposit requirement. Exceptions so to speak.

With an exception, an applicant could potentially borrow 4.5 times income. Given the strict rules on exceptions, banks/lenders are careful to not exceed this as it can lead to hefty fines, so normally, the best time to ge

16/10/2023

🚨 Tax bill incoming?🚨

If you are self employed as a sole trader; you will filing your 2022 tax returns at the moment before the November online returns deadline.

One way of reducing your tax bill is by funding a pension.

A quick example of how this would work:

- Self employed individual
- Age 50
- Income €60,000
- Tax band - higher tax band 40%
- If this individual makes a pension contribution of €18,000, he/she gets tax relief on same of €7,200.
- The €18,000 pension payment results in reducing his/her tax liability by €7,200.
- As a consequence, this reduces preliminary tax liability for the following year by €7,200 also.
- It is tax efficient savings, the funds grow in your pension tax free, and provides a tax free lump sum at retirement.

We cut out all the jargon and show you exactly how funding a pension can impact your tax return, with access to all the major life companies in ROI, we will get you the best deal:

Get in touch for a free pension/retirement consultation:

[email protected]

Healy Doolan Financial Ltd t/a Healy Doolan Financial is regulated by the Central Bank Of Ireland

01/10/2023

Do you have a pension that you haven’t reviewed in some time (ever?!).

Delighted to help a client this week who simply emailed us and asked could we have a look at his pension that he has been paying into for the past 12 years.

It was a PRSA pension scheme (personal retirement savings account), and he has been funding it with €500 per month for the last few years having initially started at €200.

Having reviewed all aspects of the PRSA: charging structures, fund choice, performance, we were able to tell our client the plan had the following features:
Allocation rate is 95%
Annual management charge is 1.5%
Fund performance has been below the benchmark for her level of risk (so has mildly underperformed) - performance over last 5 years has been 2.7% per annum.

*allocation rate simply means - how much of you money you pay per month to your pension by direct debit, actually goes into your pension. A 95% allocation rate means that for every €100 you contribute to pension, €95 goes into the pension fund, the other €5 is taken by the life company in fees*

**annual management charge is the fee that is charged for managing the funds in the scheme per annum. So for eg a 1.5% amc on a pension fund of €50,000 is a fee of c.€750 per annum is deducted from pension fund over the year**

When we look at such a case, we obviously offer alternative suggestions - if, and only if, it is to the clients benefit. If it’s a good pension and it’s a good fit, that’s what we will tell you!

For this particular client, we were able to:

Transfer the PRSA to a new provider with the following benefits:

Funds now in a cash fund - low risk - currently paying c.3.9% variable (he is a now a low risk investor as she nears retirement)

A new allocation rate of 100%

A new annual management charge of 1%

Client is delighted he contacted us as he now knows exactly what he has, the performance, the fees and charging structure and what he can expect from his pension! Get in touch - [email protected]