Finding the best mortgage out there can be a long and difficult process, with many struggling to even get started. A good mortgage broker can really help, but what makes a good broker and how do you find one? Check out our Mortgage Broker Dublin Ultimate Guide 2023 to find out.
We also aim to give you some tips on how to find the best mortgage broker Dublin to help you get the best deal out there to help save you money. Here’s our top picks and how they compare, you can read more about how we rated our choices and how to get the most out of your broker below.
| Broker | Free | Google Rating | All Lenders | Partner Solicitor | One on One Service | Recommended by BestinIreland.com |
|---|---|---|---|---|---|---|
| moneysherpa | ✓ | 4.9 | ✓ | ✓ | ✓ | ✓ |
| Irish Mortgage Corporation | ✓ | 4.9 | ✓ | ✗ | ✓ | ✓ |
| Doddl | ✓ | 4.8 | ✓ | ✓ | ✗ | ✗ |
| mortgages.ie | ✓ | 4.6 | ✗ | ✗ | ✗ | ✗ |
| Switcheroo | ✓ | 4.8 | ✓ | ✗ | ✓ | ✗ |
| Local Brokers | €100-€500 | ✗ | 3-5 | ✗ | ✓ | ✗ |
Updated 10/03/2024
- What is a Mortgage Broker and how can they help?
- Mortgage Broker Costs
- How to find the Best Mortgage Broker Dublin for you
- Best Mortgage Broker Dublin
- Summary
- Next Steps
What is a Mortgage Broker and how can they help? – Best Mortgage Broker Dublin
So what exactly is a mortgage broker? A Mortgage Broker acts as a middleman between you, the borrower, and a lender. With 9 possible lenders and over 250 different mortgage products to choose from, finding the right mortgage can be a long and difficult process.
The best mortgage broker Dublin will look at your financial situation and then act on your behalf to find the best deal out there for you.
Mortgage brokers are there to help make finding a mortgage much easier, as a good mortgage broker will;
- Work with you to ensure you are getting the best deal that you can afford to borrow.
- Get in contact with a wide range of lenders on your behalf.
- Compare deals offered by lenders.
- Give you an unbiased range of options, as many brokers act independent of financial institutions.
- Help deal with all the mortgage application paperwork and keep track of the application process.
With these factors in mind, it’s no wonder almost 80% of mortgage applicants in the UK use brokers.
According to the Daft House Price Report 2022, the average cost of a home in North Dublin city is €393,161 and €470,713 in the South (data as of June 2022). This means a typical 90% mortgage rate in the North is around €350,000 and €420,000 in the South.
Going with a mortgage that doesn’t best suit your financial interests may turn out to be costly in the long run. Take the average house in North Dublin for example. The best possible mortgage rate on the market for a €390,000 home is €481,693, where as the worst possible rate is €571,769, a difference of over €90,000.
This is why finding a good mortgage broker is important, as a good deal can help you save money in the long run. Mortgage brokers have years of experience behind them and will often know a wide range of lenders, helping find you a deal that best suits your financial interests.
The best mortgage broker Dublin will help save you time and effort, and will help find the best deal out there given your personal circumstances.
Mortgage Broker Costs- Best Mortgage Broker Dublin
One of the main concerns people have with mortgage brokers is the costs attached.
Mortgage brokers are typically paid a commission by a financial institution after a mortgage has gone through. This commission is usually based on a percentage of how much the mortgage was worth.
Some larger brokers may also charge their clients a flat fee, which can range anywhere from €100-€150. Others may also charge their clients a percentage of the mortgage value, such as 1%.
It’s important to find a broker who is upfront about any fees they may have.
How to find the Best Mortgage Broker Dublin for you
When looking for the best mortgage broker Dublin, look for a broker who;
Knows the market
A good mortgage broker will keep up to date with the ever changing market to find the best deals out there for you. Certain mortgages may offer a lifetime best rate guarantee. This means you will always get the same deal as if you went direct to a financial institution. It also means your broker will keep track of your mortgage deal to switch you if something better comes up.
Is honest
It’s important to find a mortgage broker who has your best interest’s in mind and is honest with you. A good mortgage broker will be honest about any fees they may have and if they work for any financial institutions. Finding an honest broker allows you to avoid brokers who are only interested in the best deal for them.
Is independent
It’s important to look out for mortgage brokers who work for financial institutions, as they may value the lenders interest over yours. Independent mortgage brokers will have only your interests in mind, giving you their unbiased opinion on the best deals out there from a wide range of different lenders.
Gives you the best service
The best mortgage broker Dublin will put your financial needs and wants first to find the best deal for you. It’s important to find a mortgage broker who values you as a client and will help save you time, effort, stress, and money when applying for a mortgage. The best mortgage broker Dublin will also be available to answer any questions you may have and make this process as easy as possible.
Best Mortgage Broker Dublin
If you’re looking for a broker to meet face to face, we have found some well recommended mortgage brokers local to the Dublin area;
- Frank Lenny Official
- MC Financial
- AM Financial
However, nowadays many mortgage brokers operate all their services online, meaning you can get great advice on the best mortgage for you without having to leave the house.
We at moneysherpa offer all our services online and are on hand to help you with all your financial concerns when it comes to applying for a mortgage. We have a team of professional independent mortgage brokers available to help you find the best mortgage available.
If you choose moneysherpa as your mortgage broker, you will;
- Receive our unbiased opinion on the best mortgage deals in Dublin, as we act independent of any financial institutions
- Be charged no fees, as we receive a commission from the financial institution once the mortgage been completed
- Have all your paperwork taken care of in one of our free online calls through our digitally enabled services
Summary- Best Mortgage Broker Dublin
In short, finding the best mortgage broker Dublin may save you time and effort by working on your behalf to find the best deal out there for you. The best mortgage broker Dublin will help you find the best deal out there by comparing lenders and monitoring the market on your behalf.
In a nutshell, mortgage brokers are there to save you the time and effort that comes with applying for a mortgage. Finding the best mortgage broker Dublin may help you find the best deal to save you money in the long run.
| Broker | Free | Google Rating | All Lenders | Partner Solicitor | One on One Service | Recommended by BestinIreland.com |
|---|---|---|---|---|---|---|
| moneysherpa | ✓ | 4.9 | ✓ | ✓ | ✓ | ✓ |
| Irish Mortgage Corporation | ✓ | 4.9 | ✓ | ✗ | ✓ | ✓ |
| Doddl | ✓ | 4.8 | ✓ | ✓ | ✗ | ✗ |
| mortgages.ie | ✓ | 4.6 | ✗ | ✗ | ✗ | ✗ |
| Switcheroo | ✓ | 4.8 | ✓ | ✗ | ✓ | ✗ |
| Local Brokers | €100-€500 | ✗ | 3-5 | ✗ | ✓ | ✗ |
Updated 10/03/2024
Next Steps – Best Mortgage Broker Dublin
You can book a free, no obligation video chat with the mortgage sherpa team here.
Start your application online with moneysherpa here.
Read more about the mortgage sherpa team here.
You can get more information about broker options in other locations here.
