Mortgage payments are now lower than renting

It is now cheaper to buy a property than to rent one due to soaring prices, experts say. There are close to 475,000 people in the private rental sector, with almost half of these described as ‘reluctant renters’. Around 215,000 people are eager to move out from their parents and form a new household by either renting or buying a home, according to a report to be published on Monday by the National Association of Building Co-operatives.

Read more on Independent.ie: http://www.independent.ie/business/personal-finance/property-mortgages/mortgage-payments-are-now-lower-than-renting-30784040.html

Are you a reluctant renter?

According to a recent article by Charlie Weston, there are around 215,000 Irish people who are either reluctant renters or living with parents. They all want to purchase homes, but are finding the mortgage market too restrictive. At MC Financial, our mortgage brokers have experience helping families and individuals successfully navigate a difficult lending market and we have access to a selection of mortgage providers offering a variety of lending products.

So if you are a first time buyer, who is a little unsure about how to get started on your path to purchase why not get in touch with Michael either on 01 822 8022 or 087 932 1882 or by email at michael@mcfinancial.ie