HOME BUYER’S GUIDE – UNDER €500K Your step by step guide 1. Save for your deposit First time buyers will need to save approximately 10%, while those who previously had a mortgage will need to save approximately 20% of the purchase price in order to gain mortgage approval. 2. Help to Buy Incentive eligibility Check your eligibility for the Help to Buy Incentive on Revenue.ie as you could be entitled to a tax rebate of up to €30,000. See our full Help to Buy Incentive Guide for further information. 3. Speak with a Lender or Broker You can get mortgage approval in principle before you start to look for a home. This lets you know how much you have to spend. You can also see if you are eligible for an exemption at this point. You will get formal mortgage approval before you sign the contract for your new home. 4. Appoint a Solicitor You will need to engage a Solicitor to carry out the conveyancing process. Speak with family or friends who may be able to recommend someone. 5. Speak with a Selling Agent Once you have all of the above in place you are in a position to begin the search for your new Cairn home. Our Selling Agents are on hand to help you find the home that best suits you, and advise you on your options of house type, give insights to the locality, and steer you through the purchase process. 6. Booking deposit Once you have agreed the purchase with the Selling Agent, you will need to pay a booking deposit. The amount of this booking deposit can be confirmed by the Selling Agent. 7. Issuing of contracts Once the booking deposit has been paid and you have confirmed your Solicitors details with our Selling Agents, we will arrange for the contracts of sale to be issued to them.
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