A Mortgage on Your Doorstep

The important bits you need to know about an Ardee Credit Union mortgage:

• Borrow between €40K and €350K
• Terms Available: 5-35 years
• A CU Home Mortgage is only available on a principal private residence (must reside in the property) or for a self-build

Available to:

• First Time Buyers (max loan 90% of the value of the property)
• Trading Up, Equity Release, Switcher Mortgage (max loan 80% of the value of the property)
• Members between 18 and 65 year of age (mortgage must be paid off by 65- can be extended to 70 in certain circumstances )

Employment Requirements:

• Employees must be in permanent employment more than 6 months and have successfully completed probationary period
• Self-Employed must be self-employed for a minimum of 3 years

Documents Required:

Employees:-

• 3 months up to date consecutive payslips
• Employee Detail Summary/P60 for last 3 years
• Salary Certificate
• 6 months bank statements of all bank accounts
• 6 months credit card statements
• 6 months loan account statements

Self-Employed:-

• 3 years audited/trading accounts certified by accountant
• 6 months bank statements of all personal bank accounts
• Confirmation of your tax position from your accountant
• 6 months bank statements of all business bank accounts
• Self-Assessment Notice from Revenue Commissioners for the last 3 years
• 6 months credit card statements for personal and business credit cards
• E-Tax Clearance Certificate
• 6 months loan account statements

Members must have demonstrated repayment capacity for the proposed mortgage by showing regular savings for a minimum of 6 months.

Please find some useful documents below:

Download:  MARP – Mortgage Arrears Resolution Process (pdf)

Download:  Helping Members in Financial Difficulty (pdf)