Taking right out a mortgage. Help -to- Purchase motivation

Taking right out a mortgage. Help -to- Purchase motivation

Details about the offer

Underneath the European Union (Consumer Mortgage Credit Agreements) Regulations, which transposed the Mortgage Credit Directive into Irish legislation, the lending company must make provision for you by having a European Standardised Information Sheet (ESIS), establishing out of the information on the home loan offer. The Regulations specify the detail by detail information that the ESIS must include, which include:

  • The length of time the offer shall be valid for
  • Contact information of this lender or their agent
  • Principal attributes of the mortgage, including possible dangers
  • Type and length of credit
  • Complete information on borrowing rate(s) so when and exactly how they may be revised, if relevant
  • Total quantity which you will spend within the time of the home loan

(more…)

Continue Reading Taking right out a mortgage. Help -to- Purchase motivation