Applying for a mortgage online?
Here's what you should know.

You can apply for a mortgage online in three ways:

Directly to the lender (banks, building societies, certain credit unions and retail credit firms who are not banks or building societies) – you deal directly with the lender. This usually involves organising an appointment a calling into your local branch.

Through a mortgage broker, mortgage brokers deal with the lender on your behalf. This also involves organising an appointment a calling into your mortgage broker’s office although brokers are more flexible, and some will even come to you.

Or there is the Simpler way to apply for mortgage. We are Ireland’s first online mortgage broker We conduct the entire mortgage application process online and over the phone if necessary.

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If you choose to use a mortgage broker make sure they are regulated by the Central Bank.

All mortgage brokers are required to list the we are regulated by the Central Bank. You can always check the central bank register to make sure your mortgage broker is authorised. Our details are available here

How to apply for a mortgage online?

You’ve come to the right place. Simpler is Ireland’s first online mortgage broker and we specialise in helping our client through the mortgage process online.

Our process is as follows

Submit application

Create and account here and submit an application with us. We will get back to you with a response within 24 hours

Submit documentation

If your application is good, we will ask for supporting documentation. (Payslips, Bank statements, etc.) We go into more details of the required documents here.

Mortgage Approval (Approval in principle)

Once we have all your documentation, we will submit your applications to lender for mortgage approval. It usually takes 5 to 15 days to receive a response from lenders. Mortgage approval is often referred to as Approval in Principle as it isn’t a formal offer, the Mortgage offer is dependent on the house you buy and other factors which your advisor will explain to you.

Find a home

Once you have mortgage approval you will know exactly how much you can afford to spend on your new home.

Loan Offer

Once you have a found a house you like and have put in an offer; you will liaise with us and we will help you organise your property valuation. You will also need to have a solicitor at this stage.

Mortgage Drawdown

You’re well on your way to getting a mortgage at this point but there are often a few snags and minor issues to resolve before everything is finished. You need to have insurance life cover and home insurance; we can help you organise this if you like. Regardless of the issue, we’ll be on hand to help you with whatever is delaying the property purchase.


Mortgage Approval

The first step is always the hardest but we’ve made the application process as easy as we possibly can. Simpler is the easiest way to apply for a mortgage online.

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Applying for a mortgage is always a bit stressful but we are here to help. The factors below influence your mortgage approval, have a quick read and familiarise yourself with them.

Income

Lenders will look at your annual income and some may take bonuses or overtime into account. Some lenders may factor in rental income if you plan to rent out spare rooms.

Outstanding loans

If you have any other loans this can affect your ability to take a mortgage. Clearing a loan can sometimes help an application but sometime it doesn’t talk to an advisor before deciding to pay off any large loans earlier than necessary.

Expenses

Lenders will look at any other financial commitments you have, such as childcare costs.

Savings

You need to show lenders that you are able to save money.

Credit record

This shows the repayments you have made on any loans you have. If you have missed repayments in the past, it may make it more difficult for you to get a mortgage.

The amount you need to borrow

this is the difference between the amount you have saved to put towards the house (your deposit) and the purchase price of the house. Whether you are borrowing on your own or with someone else.

Your age

Lenders don’t want you to have a mortgage into your late 60’s and 70’s.Banks won’t give you a 30 year mortgage when you are 50.Most lenders don’t let you go over 65, so if you’re 30 years old the longest mortgage you can take out would be 35 years.


  • What documents do I need to apply for my mortgage?

    When it comes to getting mortgage approval, there are a lot of things to consider. It’s a confusing process full of figures and formulas, but there are 3 key numbers that matter the most.