Mortgage123

Mortgage123 Mortgage123.ie is an Irish mortgage broker, specialising in mortgage advice tailored to your individual needs.

14/08/2026

Many home buyers believe that once they have Mortgage Approval in Principle, their mortgage is secured. Unfortunately, that's not always the case.

In our latest blog, we explain the key differences between Approval in Principle and a Full Loan Offer, why your mortgage can still be declined after AIP, and why you don't need an approval from every lender before you start house hunting.

A must-read for first-time buyers and anyone currently navigating the mortgage process.

🔗 Read more: https://mortgage123.ie/mortgage-approval-in-principle-vs-full-loan-offer/

10/08/2026

Saving for a mortgage? Your savings history matters.

Having the required deposit is important, but lenders may also look at how you’ve built those savings and the source of the funds you’re using towards your purchase.

A few things worth keeping in mind while you’re saving:
✅ Keep your savings pattern consistent where possible
✅ Keep a clear record of where your deposit funds came from
✅ Be prepared to explain any large or unusual deposits
✅ If you’re receiving a gift from family, make sure the appropriate documentation is in place
✅ Keep your finances as straightforward as possible in the run-up to your application

This doesn’t mean your bank account needs to be “perfect” or that you can’t move money around. The important thing is being able to clearly demonstrate your savings and the source of your deposit when required.

And if you’re not sure whether you’re mortgage-ready yet, don’t wait until you start filling in the application form.

Speaking to a broker early can help you understand what lenders are likely to look for and whether there are any steps you could take now to strengthen your application.

📩 Planning to buy in the next 6–12 months? Get in touch with Mortgage123 to discuss your options.

Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

Mortgage123

28/07/2026

Got a pay rise recently? 📈
Congratulations! A higher salary is always good news, but it could mean more than just a bigger payslip.

Many people assume they’ll have to wait until they change jobs, save a bigger deposit, or reach a certain milestone before reviewing their mortgage options. In reality, a recent pay rise could be a good reason to have another look at what’s possible.
A higher income may increase your borrowing capacity, but it’s important to remember that lenders don’t look at salary alone.

They’ll also consider things like:
✅ Your monthly financial commitments
✅ Your ability to comfortably repay a mortgage
✅ Your deposit
✅ Your employment status and income stability

That’s why it’s worth reviewing your situation rather than relying on online calculators or assumptions.

Whether you’re a first-time buyer, planning to move home, or wondering if you’re now in a stronger position than you were six months ago, a quick mortgage review can give you clarity and help you plan your next steps with confidence.

Sometimes a small change like a pay rise is all it takes to open up new possibilities.

If you’ve recently had a salary increase and are wondering what it could mean for your mortgage options, we’d be happy to help.

22/07/2026

One of the biggest misconceptions we hear from first-time buyers is:

“I’ll contact a mortgage broker once I have deposit saved and I’ve found a house.”

The reality is, that’s often too late.
The earlier you speak to a broker, the more time you have to prepare and put yourself in the strongest possible position before you apply.

We can help you:
✅ Understand how much you could borrow
✅ Explain how much deposit you’ll need and the different ways you can build it
✅ Identify any issues that could affect your application before they become a problem
✅ Advise on your repayment capacity and affordability
✅ Create a personalised plan to help you become mortgage-ready

Even if you’re 6, 12 or 18 months away from buying, getting advice early can give you confidence and a clear roadmap towards homeownership.

You don’t need to have a house picked out, your full deposit saved, or know which lender to choose.
You just need to know where you stand and that’s exactly what we’re here to help with.

Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

16/07/2026

When preparing for your mortgage application - Should you clear your loan or keep saving for your deposit?

There’s no one-size-fits-all answer.
When preparing for a mortgage, we look at three key areas:

✅ Debt-to-income ratio
This is how much of your income is already committed to loan repayments. Lower monthly debt can improve affordability, but paying off a loan isn’t always the best first step.

✅ Your deposit
Most buyers need a minimum deposit before purchasing a home. Using your savings to clear a loan could leave you short of the funds you need to buy a home.

✅ Demonstrated repayment capacity
Lenders want to see that you can comfortably manage repayments. If you’ve been consistently making your loan repayments on time, it shows lenders that you can manage credit responsibly. Don’t rush to clear it without understanding how it fits into your overall mortgage application.

The right strategy depends on your circumstances, and not someone else’s.
That’s why we always recommend speaking to a mortgage broker before making major financial decisions. A small change in your approach today could make a big difference to your mortgage application tomorrow.

If you’re wondering whether to clear a loan or keep building your deposit, send us a message. We’re happy to help.

Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

08/07/2026

4 things banks look for in your bank statements. Your bank statements tell your lender everything. Here’s exactly what they’re looking for.
 
1️⃣ Good account management
Lenders want to see a well-run account. Regular income coming in, bills paid on time, and a consistent savings pattern. Think of your bank statement as your financial CV — make it look the part.
 
2️⃣ Missed payments or returned direct debits
A bounced payment shows your account ran out of funds. Lenders see this as poor financial management. Make sure every bill is paid on time — every month.
 
3️⃣ Unexplained large lodgements
A sudden lump sum with no clear source raises questions. Lenders need to verify where your deposit came from. Gifts from family? Get a signed gift letter. Savings? Show a paper trail.
 
4️⃣ Buy Now Pay Later
They reduce what you can afford to repay each month and can lower your borrowing limit.
 
💡 Your bank statements are a 6 month snapshot of your financial life. Make them count.

Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

22/06/2026

There are three main ways to build up your mortgage deposit:

✅ Your own savings
✅ The Help to Buy Scheme (for eligible new-build homes up to €500,000)
✅ A gift from a family member

What many buyers don’t realise is that if your deposit requirement can be met through a combination of the Help to Buy Scheme and a family gift, you may not need to have built up savings yourself to meet the deposit requirement.

Every situation is different, and lenders will still assess affordability and repayment capacity, but it’s worth understanding all of the options available to you before assuming homeownership is years away.
If you’re unsure where you stand, send us a message and we’d be happy to help.

Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland. 

17/06/2026

4 Things To Avoid Before Mortgage Drawdown 🚨🏡
You’re nearly there… don’t let these delay getting your keys 👇

1️⃣ Don’t Change Jobs
Lenders may reassess your application if your employment changes
2️⃣ Avoid New Loans or Finance
Car loans or credit cards can affect affordability 
3️⃣ Don’t Miss Any Payments
Keep all loans, rent & bills fully up to date before drawdown
4️⃣ Avoid Large Unexplained Transactions
Banks may ask questions about unusual lodgements or transfers 

The period before drawdown is just as important as approval ⚠️ Do talk to your mortgage broker if you are planning to do anything that may affect your mortgage. 

Save this before getting your keys 🔑


Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

10/06/2026

Welcome to Mortgage123 from Aisling McNamara!

Follow us for:
✔ Mortgage tips and insights
✔ First-time buyer guidance
✔ Interest rate and market updates
✔ Common mortgage mistakes to avoid
✔ Answers to your mortgage questions

Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

07/06/2026

Could your mortgage rate be based on what your home was worth years ago? – you could be eligible for a lower interest rate!

Most lenders in Ireland operate tiered mortgage rates based on your Loan-to-Value (LTV). The lower your LTV, the lower your rate.
 
✅ Your bank won’t tell you if your LTV has dropped.
If your home has gone up in value, you could qualify for a lower rate — right now. They just won’t mention it.
 
✅ Check property prices in your area.
Check what similar properties in your area are selling for. If prices are up — your LTV is down.
 
✅ Don’t rush to get an independent valuation.
Every lender has their own approved panel of valuers, so no point paying twice.
 
⚠️ Speak to a broker first — we’ll check your LTV, find the right lender and valuer and handle everything. For free.

 

Warning: If you do not keep up your repayments you may lose your home.
Warning: You may have to pay charges if you pay off a fixed rate loan early.
 
Mortgage123 Limited trading as Mortgage123 is regulated by the Central Bank of Ireland.

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Unit 9, Ashdown Centre, Courtbrack Avenue
Limerick
V941F84

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