1. Mortgage Broker Fees: [€0 to €500+]
   Most mortgage brokers do not charge first time buyers a fee to arrange their mortgage, but broker fees (of approx. €500) have been introduced by some companies.
   
   
2. Mortgage Valuation Fee: [approx €150]
   This fee is charged by the mortgage lender, to get a local valuer to view the property to confirm to them that the property is suitable to arrange a mortgage on.
   
   
3. Final Mortgage Final Valuation Fee on New Properties : [approx. €65 - €70]
   If you buy a new property before it's completed, you'll have to get an initial mortgage valuation to get a letter of offer issued, and in addition the lenders will require a ‘final valuation’ when the property is finished.
   
   
4. Indemnity Bond Fee: [varies from €0 - €1,000's]
   This is an upfront one-off fee charged by some lenders if you borrow in excess of 70-80% of the house value, to protect them against you defaulting on the loan.
   
   For first time buyers, most lenders will not absorb the cost of the bond, and pay it themselves. Increasingly, I'd expect lenders to start passing this fee on to home buyers. When charged, the fee can vary from hundreds to thousands of euros, so make sure you shop around.
   
   
5. Arrangement or Acceptance Fee. [Usually €0 for first time buyers]
   These fees are generally not charged by the high street lenders, but are charged on ‘specialist’ and ‘subprime’ mortgages i.e. if you have a bad credit history, or if you have problems proving your income etc. The fees charged are generally between 0.5% to 1% of the mortgage amount.
   
   First Active have introduced an arrangement fee if you want to top up your mortgage at a later date, so other lenders may follow. Make sure to askyour mortgage advisor if your lender will charge you a fee.
   

Other Home Buyer Costs:

1. Legal Fees
   Moving.ie offer discounted, low cost legal fees at €947 + vat.
   
   Other solicitors charge between 0.5% - 1% of the property value as a fee, so it's important to shop around for a good price.
   
   
2. Legal Outlays (Government, Land Registry & Legal Search Fees) [ Varies from €100's to €1000+]
   Legal outlays vary significantly depending on the price and type of the property, among other things.
   

 

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Costs & Fees
How Much Can I Borrow?
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