In this month’s column with Pascal Curran, financial advisor and founder of advicefirst.ie, we gain a jargon-free guide to understanding the process of planning for a mortgage:At Advice First, as Mortgage Brokers we’ve done all of the research and know the market inside out, meaning that we can talk it through with you in simple terms, and let you know the best available option for you, unbiased, informed (and zero jargon!!)Pascal’s tips for getting Mortgage Ready:Are you ready to take a leap into home ownership (congratulations!) and unsure of the steps to take, and how to ready yourself for this journey? We’ll break some of it down to simplify the process, it’s good to do your homework so that you can be armed with knowledge before you’re bombarded with info (…and a sales pitch!) and luckily, we’ve done this homework for you, and can help you in a personalised way when you call in to us. Income:Lenders looking closely at your basic income; make sure you have three months payslips at the ready, last year’s P60 and a salary cert completed by your employer (you can obtain a salary cert from your Mortgage Broker or lender).Permanency:To obtain a mortgage you must have completed your probationary period and you should have at least six months (but preferably twelve months) in continuous employment. Lenders want to see consistency and long-term ability to repay.Costs:Having saved for this beforehand, is sensible. For example, do you have enough money set aside for the deposit, valuation and legal fees, and for furnishing the property? You will be required to have lender evidence on paper – e.g. bank statements and gift confirmation (if any) of this deposit prior to the loan offer being issued. Please note: You should also consider the additional costs incurred in taking a mortgage, including the cost of the valuation and the cost of the solicitor. Shop around and find out what the average cost will be, you should never instruct a valuation or solicitor until you get advice from your Mortgage Broker.Savings:Lenders will require evidence of savings. Not only is this showing that you can live within your means, it also demonstrates good financial planning and an ability to make repayments.Paperwork:When you go to your Broker or lender you should bring the following bits and pieces:3 months’ recent payslips (some lenders require less)6 months’ bank account statements (for all bank accounts)6 months’ saving bank account/Credit Union statements12 months’ loan account statements, for all existing loans including existing mortgagesRecent P60Keep an eye on:Check that you have not had any unpaid direct debits or standing orders on your statements (these are sometimes denoted by referral fees). If there are unpaid direct debits or standing orders, check why this occurred and explain this to your Mortgage Broker/Lender. Doing this can save a lot of time later in the process.Ability to repay:Can you show ability to repay i.e. paying rent? You can demonstrate an ability to repay by showing a strong savings history and strong payment history, i.e. ability to pay a specified rent each month. It is important that the rent and savings transactions can be seen on your bank account statements. Loans which have recently been paid off are also useful to show ability to repay.Deep in the O/D:Do you live within your means, avoiding overdrafts? If you have an overdraft, check your six months bank statements and ensure you are not continually falling into the overdraft. If you do not have an overdraft, ensure that you have never overspent and initiated an unauthorised overdraft. Check also that you have not been “living from one pay cheque to another”. If this is the case, very strong savings records may help.Credit history:Don’t forget – if you are unsure about your credit history or if you missed payments in the past, log on to www.icb.ie and pay a small fee to get your credit report sent directly to you. You should show this to your Financial Broker/lender when applying for a loan.In this column each month Pascal will provide financial advice on the most frequently asked topics – here on Donegal Daily and is looking forward to further breaking down the barriers around financial advice in his renowned experienced and jargon-free way!If you would like to book a no obligations consultation with Pascal, click here to visit advicefirst.ie or simply call +353 74 910 39 38 to talk to us today. Follow us on Facebook & Instagram Advice First Financial Services Ltd trading as Advice First Financial is regulated by the Central Bank of Ireland.Catch up on Pascal’s first Financial Advice column here:Meet Pascal Curran – Donegal Daily’s new financial advice columnist!Getting a mortgage? What you need to know and prepare for with Advice First was last modified: March 29th, 2019 by Pascal CurranShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:advice firstMortgagePascal Curran
A Letterkenny man who dragged his partner along the ground in a local shopping centre in front of children has escaped with a warning.John Joyce pleaded guilty to the charge before Judge Paul Kelly arising from an incident at Letterkenny Shopping Centre on March 15. Sgt Jim Collins Letterkenny District Court that gardai received reports of a male “roaring and shouting abuse” shortly after 6pm.He said that the defendant was dragging the female along the ground and was shouting obscenities.He added that there were a number of people present while this was happening, including young children.The court also heard that Joyce did not appear to be under the influence of any substance or alcohol. He said that the female did not wish to give a statement.Barrister, Ms Laura Byrne, representing the defendant, told the court that her client was aged eighteen and wished to apologise to the gardai, the security staff and patrons of Letterkenny Shopping Centre.She added: “This should never have happened. He went down the wrong path and has no excuse for his behaviour. He has indicated his remorse and pleaded guilty at the earliest opportunity.”Ms Byrne also told the court that Joyce had just become a father and has a one-month-old baby and “wants to be a good parent”.Judge Kelly asked if the young woman involved in the shopping centre incident was the mother of the defendant’s baby and he was told that she was.“This is not the sort of example you want to be setting for your child,” Judge Kelly told the defendant.He concluded by giving the defendant the benefit of the Probation Act, meaning a conviction will not be recorded against him and stated: “Hopefully he’s as good as his word”.Man dragged partner along ground of local shopping centre was last modified: June 17th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:courtdragJohn Joyceletterkennypartner
Scientists used to rely on metal bands on birds’ legs to find out how they got from here to there. Now, they can glue tiny radio transmitters to their shoulders and follow them in real time. What happened when Princeton scientists hijacked 30 white-crowned sparrows and took them from Seattle to New Jersey? Age has its advantages, it turns out. Read about it on PhysOrg and EurekAlert. The adults soon realized they were 3,000 miles off course, and adjusted their bearing to fly southwest toward their winter quarters in Mexico. The juveniles, who had never flown home before, flew directly south. This indicates that the chicks are born with an innate compass that works OK the first time, but experience helps the adults develop a global map that can make corrections. The white-crowned sparrow usually flies solo at night. Upon release, all the birds seemed a little disoriented at first. After a couple of days the adults converged on the correct orientation. The article did not say if the scientists were able to bring the lost youngsters home, because the devices apparently did not have receivers to which they could send commercials, like “Fly Southwest.” Hopefully they will enjoy Florida.Ongoing research into bird migration shows that it is a multi-faceted skill that employs magnetic fields, celestial navigation, smell, visual landmarks, and more. How the chicks of the Pacific Golden Plover fly from Alaska to the tiny specks of the Hawaiian islands, alone, across open ocean, using only an innate compass, is one of those wonders of nature that defies evolution. Time to enjoy Winged Migration again: a film whose photographic excellence and amazing content should adorn every home theater. Looks great in HDTV.(Visited 6 times, 1 visits today)FacebookTwitterPinterestSave分享0
Sikh radical outfit Dal Khalsa has asked the Punjab government and the Shiromani Gurdwara Parbandhak Committee (SGPC) to equally share the financial burden of pilgrims who cannot afford $20 fee proposed by Pakistan for visiting the Gurdwara through the upcoming Kartarpur corridor.The organisation also urged Pakistan to reduce the fee to an affordable level for poor pilgrims. “We urge the SGPC and the Punjab government to work out modalities and bear the expenses of a pilgrim who could not afford but desire to have ‘darshan’ of Guru Nanak’s place. On the other hand, Pakistan administration too needs to reduce the fee to half,” said Dal Khalsa spokesperson Kanwar Pal Singh.Mr. Singh said if the Punjab government could bear the entire costs of boarding and lodging of all pilgrims from Amritsar, Talwandi Sabo and Anandpur Sahib to Hazoor Sahib in 2015-2016, under the Tirath Yatra Scheme, there was no point in denying it to pilgrims to Kartarpur Sahib.Union Food Processing Industries Minister Harsimrat Kaur Badal has also urged Punjab Chief Minister Amarinder Singh to ensure free pilgrimage to Kartarpur Sahib on the pattern of a service provided to pilgrims under the Mukh Mantri Tirath Yatra Scheme during the previous Shiromani Akali Dal-Bharatiya Janta Party regime in Punjab.