Costs and documents required for purchase mortgage

Documentation required for a mortgage for property purchase if you are self-employed:

  • Last 12 months bank statements
  • Accountants reference
  • Latest self-assessments, Tax return and SA302 (if applicable)
  • Credit Report from Experian or Equifax for UK applicants or the ICB for Irish applicants
  • Occasionally you may be asked for a bank reference
  • Copy of your passport

Costs involved in a mortgage for property purchase:

If you are able to obtain 100% of the purchase price you still need to pay the costs of the purchase. These typically amount to between 10% and 12% of the purchase price

An approximate breakdown of costs:

  • IVA (Tax) 5.5%
  • Mortgage deed tax 1.8%
  • Notary & Registry fees 1.25%
  • Bank Arrangement fee 1%
  • Lawyers fees 1%
  • Stamp duty on new build 0.5%
  • Valuation fee € 300

Contact us now for further information

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