Our First Time Buyer package combines low interest rates and fast mortgage approval, with no hidden costs, to ensure you get the best possible mortgage deal.
At IIB Homeloans, we're here to make sure you get a mortgage you can live with so you can get on with your life.
IIB Homeloans First Time Buyer package - the benefits:
* Quick loan approval
* Up to 95% finance
* Up to 35 year term
* Discounted rates
* Interest only facility up to 3 years (keep your repayments low when you start out)
* No hidden fees
IIB is an agent for GE Mortgage Insurance Limited in relation to the Mortgage Indemnity Guarantee Insurance.This insurance is required for residential investment loans in excess of 85% of the value/purchase price (whichever is lower) of the property and is for the benefit of the Lender.
A mortgage indemnity guarantee premium is payable on that part of the loan amount in excess of 85% of the lower of purchase price or property value and is 6.25% of the excess loan amount plus government duty of 2% plus €12.70.This charge is applicable when the property is a Residential Investment (Details specified on page 1 of the letter of offer).
The deal involves remortgaging our ppr to release equity to finance an investment property.
Good news! IIB will waive their MIG fee. Got copy of amended letter of offer today from broker. "Based on overall LTV" they say, presumably averaging my two mortgages or something? Still no explanation of the basis for the charge in the first place, mind, but I did promise to post any favourable developments here. So thanks IIB and broker...
Go AAM!!!! Thanks to all for advice.
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