FAQs

Credit Issues
First Time Buyer / Trading Up / Investor
Affordable Housing or buying your home from the county council
Excessive Loan Obligations
Missed Payments / Revoked Credit Cards
Difficulty Proving Your Income
Recently Separated or Divorced
Foreign National Mortgages

Credit Issues

Many people in modern Ireland have found that with easily available credit, changing work and home life patterns and the sudden and rapid increase in interest rates that they had difficulty in securing a mortgage through the "traditional" lenders.

There are many reasons why people can have this difficulty such as:

• Arrears on loans & credit cards
• Continuous missed payments, default on payments or judgments
• Excessive loan obligations putting a strain on monthly repayments
• Revoked credit cards
• Increases in the number of separation and divorces
• Increases in the European Central Bank rates
• Increases in the number of individuals setting up their own business
• excessive unpaid direct debits or referral charges on your current accounts

Do the above problems sound like it may apply to you?

Sinply email apply@yes.ie and let us help or contact us at 016339250.

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First Time Buyer / Trading Up / Investor

Concerned about applying for a mortgage because of possible difficulties with repayments or you are not sure of the process or indeed nervous about buying, or possibly financial problems in the past or issues with your credit history?

Affordable Housing or buying your home from the council

We can arrange mortgage finance for the full cost of buying a property through the many affordable housing schemes around the country. We have substantial experience in assisting both indivduals as well dealing with the county councils involved in this process. We will take you through every step of the process by offering clear and concise advice. We can arrange up to 100% of the disocunted purchase price of such properties (terms and conditions apply).

Over the last number of years more and more people are realising that they wish to remain in their home area and are exploring the route of purchasing their homes form their local County Councils.

YES Finance will assist you with this purchase. We will arrange finance up to 80% of the  current market value of the property (finance arranged based on current circumstances).

 
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Excessive Loan Obligations

YES Finance arranges finance for individuals looking to re-mortgage their home, releasing equity on their home or individuals who have excessive loan obligations which are putting a strain on their monthly outgoings.

YES Finance arranges these types of finance with a view to helping individuals reduce their current monthly outgoings. These mortgages will be arranged based on your current financial situation. We at YES Finance are confirdent we can secure finance for most situations and circumstances.

At YES Finance we will look after every requirement of your mortgage from start to finish whatever your personal circumstances and credit history.

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Missed Payments / Revoked Credit Cards

• Arrears on loans, rent or credit cards
• Continuous missed payments
• Default on payments
• Judgments against you
• Pending court action or litigation
• Bankruptcy
• Excessive loan obligations putting a strain on monthly repayments
• Revoked credit cards

Do the above credit problems sound like it may apply to you?

Sinply email apply@yes.ie and let us help or contact us at 016339250.

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Self Employed, Contract or Sub Contract Workers

In the last number of years and due to the Celtic Tiger, Ireland has seen work patterns become drastically changed with the number of people becoming self-employed or indeed going into freelance and contract work on the increase year on year. This in itself presents individuals with a difficulty applying for a mortgage, even re-mortgaging or indeed trading up from their existing property to that dream home.

For example the "traditional" lenders have specific lending criteria for people wishing to secure mortgage approval.

YES Finance has worked closely with a number of lenders to offer solutions for individuals who fall into these categories and the innovative solutions we will offer recognize how society is changing with ever changing work, family and social changes.
 
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Recently Separated or Divorced

In recent times Ireland has seen a large increase in the number of couples going through legal separation and divorce. When this situation occurs it will have a lasting effect on both family life and on the long term financial consequences of each of the individuals involved.

During this very trying time financial repayments are often overlooked and thus an individual’s credit rating will be affected.

YES Finance understands and is sympathetic to how stressful these situations are and have been working with a number of lenders to tailor mortgage packages to suit the ever changing requirements of people going through a separation or divorce.

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Foreign National Mortgages

• If your profession is one which involves a working rolling contract
• If you are married to a European Union citizen and are in permanent employment for a specified length of time.
• If your spouse or partner is a stamp 1 or 4 visa holder or has been granted one and you are jointly applying for a mortgage together.
• If you have transferred to Ireland with your company and have been employed for a short period of time.

Once you are living in Ireland for 3 years and have been permanently employed for at least 12 months.

YES Finance has worked with a number of lenders to ensure that we offer non-nationals the opportunity to gain a foothold on the Irish property ladder. YES Finance will offer a full range of mortgage options.

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